I’ve been using Quicken since the early nineties, I think, originally using the DOS version. I’ve been tempted to switch to something else quite often, but I keep sticking with Quicken. Intuit announced a while ago that they wanted to sell off Quicken, and they just announced that they’ve found a buyer.
I was expecting the buyer to be an existing software company or financial company, but instead it’s a private equity company I’ve never heard of. I guess that could be a good thing. If it had been bought out by a financial company, they would likely have used it to push their own services and cut back on compatibility with competing financial institutions. And, now that I think of it, there really aren’t any existing software companies where it would have made sense for them to buy Quicken. Maybe Microsoft, but there’s a lot of history there, which eventually resulted in Microsoft giving up on their own MS Money software and exiting that niche, so I could see where they wouldn’t want to dive back into personal finance software.
So I guess I’ll keep using Quicken for the time being, and see what the new owner does with them. I’m not too optimistic, but I’ll give it a chance. (Especially since I only recently upgraded to Quicken 2016.)
2 thoughts on “a new owner for Quicken”
I, too, am a multi-decade user of Quicken. For me any change is viewed as a potentially bad thing but having Q bought by a venture capital firm is really disturbing. Why would they do that if not to “fatten” it up for to be re-sold at a huge profit. Isn’t that what VCs do? How will that scenario play-out for us users?
And Consumerist has a good article on this, with a pointed title: “Intuit Finds New, More Caring Owner For Quicken”.