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Number of employees 7,900 (2016) Website Intuit Inc. Is a and company that develops and sells financial, accounting and software and related services for, and individuals. The company is headquartered in,. Greater than 95% of its revenues and earnings come from its activities within the United States. Intuit produces, a consumer tax preparation application, the accounting program, professional tax solutions ProSeries and Lacerte, and multiple payroll products. In April 2016, Intuit completed the sale of its original flagship product,, to H.I.G. In addition to the United States, the company has offices in eight countries around the world: UK, Australia, France, Singapore, India, Brazil, Canada and Israel.

Contents • • • • • • • • • History [ ] The company was founded in 1983 by and in. Intuit was conceived by Scott Cook, whose prior work at Procter & Gamble helped him realize that would lend themselves towards replacements for paper-and-pencil based personal accounting. On his quest to find a programmer he ended up running into.

The two started Intuit, which initially operated out of a modest room on University Avenue in. The first version of Quicken was coded in Microsoft's for the IBM PC and for the by Tom Proulx and had to contend with a dozen serious competitors. In 1991 Microsoft decided to produce a competitor to Quicken called. To win retailers' loyalty, Intuit included a US$15 rebate coupon, redeemable on software customers purchased in their stores. This was the first time a software company offered a rebate. Roughly around the same time the company engaged of and diversified its product lineup. In 1993 Intuit went public and used the proceeds to make a key acquisition: the tax-preparation software company based in.

The time after the was marked by rapid growth and culminated with a buyout offer from in 1994; at this time Intuit's reached US$2. When the buyout fell through because of the 's disapproval, the company came under intense pressure in the late 1990s when Microsoft started to compete vigorously with its core Quicken business.

In response, Intuit launched new web-based products and solutions and put more emphasis on QuickBooks and on TurboTax. The company made a number of investments around this time.

Among others, it purchased a large stake in and acquired Lacerte Software, a -based developer of tax preparation software used by tax professionals. It also divested itself of its online bill payment service unit and extended and strengthened its partnership with. Today, Intuit has more than US$4 billion in annual and a market capitalization of more than US$20 billion. [ ] Intuit was ranked in 's 'Top 100 Best Companies to Work For' in 2007. Intuit was ranked in Fortune's 'America's most admired software companies' in 2007.

In June 2013, Intuit announced it would sell its financial services unit to private equity firm for $1.03 billion. In June 2015, Intuit laid off approximately 5% of its workforce as part of a company reorganization. Online communities [ ] Intuit has several online communities, some of which offer integration or cross-sells into other Intuit products.

QuickBooks online community for QuickBooks users and small business owners, Quicken Online Community for Quicken users and those who need help with the personal finances, and the Accountant Online Community and Jump Up. Each consists of blogs, an expert locator map and event calendar, forums and discussion groups, podcasts, videocasts and webinars and other user created content.

JumpUp (formerly JackRabbit Beta) is a free social networking and resources site for small business owners and/or start-ups. Free tools and services include an interactive business planner, online training for developing a successful business plan, starting costs calculator, cash flow calculator, break even calculator, templates for business planning and sample business plans. Intuitlabs.com is a website Intuit created to get new solutions into people's hands quickly. The early versions of these products and services are called roughcuts, and they're offered for free so people try them and give feedback to enable rapid improvement and make sure they solve real problems well. TaxAlmanac is a free online tax research resource.