Quicken Sold Again

[UtahSkier]

Quicken, one of the ‘first fintechs,’ is being sold again

Five and a half years after being acquired by a private equity firm, personal finance software company Quicken is announcing that it is being acquired by another private equity firm.

https://techcrunch.com/2021/09/09/q...ed&utm_campaign=Feed:+Techcrunch+(TechCrunch)

 

[wanaberetiree]

Interesting, but somehow I am not too worried about Quicken's future, they will not refuse of profit for sure!

 

[Cat-tirement]

I just found (and ordered) Quicken Deluxe on sale at Best Buy for $31.19 vs. the regular $51.99 renewal price. I'm assuming the sale is not related to new owners.

Unfortunately, this is a physical CD, i.e. landfill fodder. Apparently Quicken only wants to let discounted digital downloads be made available to new users, trying to hook existing users into paying full price for automatic renewals through them.

 

[target2019]

From the article:

No layoffs are planned with the new ownership. In fact, Dunn expects the company will only continue to hire and add to its 150-person staff (not including 250 contracted “customer care agents).

Quicken is a smaller company than I would have guessed.

Summarizing from the article, according to the CEO (who has been there through all of the software's life) the package was neglected by Intuit. Next, H.I.G put up the investment to move Quicken to the cloud and improve quality. Now, with Aquiline backing, they are looking to grow by partnering with fintech companies.

I do not use Quicken, but I'm very familiar with the product. Just wondering if the next generations will use the product.

 

[PaunchyPirate]

Interesting. From the article, it seems Quicken launched in 1983. Thinking back, I believe that I have been a Quicken user since probably about 1988.

I don't use the same data file as I started with, however. I've "started over" 3 or 4 times, I think. Through the years, there were multiple times where my data file either stopped working properly or was just so full of bad data that it warranted a clean start. My current data file was started in 2015.

I would love to have a nice, clean data set from 1988 onward to see how my finances progressed.