Wednesday, February 7, 2007

Intuit Completes Digital Insight Acquisition

Intuit said today that it has completed its acquisition of Calabasas-based Digital Insight. The total purchase price was approximately $1.33B. Digital Insight was a provider of online banking tools for credit unions and other financial instutitions. Intuit said it will be targeting the small business sector with an offering from Intuit and Digital Insight focused on interactive financial management. Digital Insight CEO Jeff Stiefler will become president of Intuit's financial institutions division as a result of the acquisition.