Intuit, Inc.

Intuit, Inc.

Intuit, Inc.

Overview
Date Founded

1983

Headquarters

2632 Marine Way,Mountain View, CA 94043

Type of Company

Public

Employees (Worldwide)

8,900

Industries

Computer Software
Private Equity & Venture Capital
Other Business & Consulting Services
Accounting & Financial Services
Internet Software & Services

Company Description

Intuit, Inc. is a financial management and compliance platform company, which engages in the provision of business and financial management solutions. It operates through the following segments: Small Business and Self-Employed; Consumer; and Strategic Partner. The Small Business and Self-Employed segment offers QuickBooks financial and business management online services and desktop software, payroll solutions, payment processing solutions, and financing for small businesses. The Consumer segment includes do-it-yourself and assisted TurboTax income tax preparation products and services. The Strategic Partner segment comprises professional tax offerings, which include Lacerte, ProSeries, ProFile, and ProConnect Tax Online among professional accountants. The company was founded by Scott D. Cook and Thomas A. Proulx in March 1983 and is headquartered in Mountain View, CA.

Contact Data
Trying to get in touch with decision makers at Intuit, Inc.? Subscribe today to access their professional contact information.
Executives & Employees

Co-Founder

Chief Executive Officer

Chairman of the Board, President & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Secretary, Senior Vice President & General Counsel

Chief Technology Officer

Chief Technology Officer

Chief People & Places Officer

Vice President, Corporate Controller & Chief Accounting Officer

Chief Marketing & Sales Officer

Board of Directors

Chairman of the Board, President & Chief Executive Officer at Intuit, Inc.

Co-Founder at Intuit, Inc.

Future Chief Executive Officer at Intuit, Inc. (Effective 01/2019)

Chief Legal Officer at The Hearst Corp.

Former Partner at The Goldman Sachs Group, Inc.

Former Executive Advisor at Cisco Systems, Inc.

Chief Executive Officer at LinkedIn Corp.

Chief Executive Officer at Oportun, Inc.

Advisor at Sirqul, Inc.

Paths to Intuit, Inc.
Potential Connections via
Relationship Science
You
Intuit, Inc.
Owners & Shareholders
Details Hidden

T. Rowe Price Associates' investment approach is based on the belief that fundamental proprietary research drives value-added, active investment management. The firm maintains a global research platform that includes interconnected teams of research analysts. Their strategy begins with bottom-up analysis. T. Rowe Price uses both qualitative and quantitative analysis to evaluate investment opportunities. Portfolios are created with a commitment to diversification and a strict attention to valuation appropriate to the chosen investment universe.For their institutional clients, T. Rowe Price Associates maintains multiple active management strategies in equity and fixed-income asset classes. These strategies include: (1) US, global, and international equity mandates including small-, mid- and large-cap, growth, value and core, index-enhanced, as well as sector-specific equity mandates and (2) US, global and international fixed-income mandates including active taxable (core plus, core, enhanced bond), cash management, short-term, high yield, global, emerging markets, municipal and sector-specific fixed-income mandates. In addition, the firm's Private Asset management Group provides balanced, equity and fixed-income investment management services to meet the needs of individuals, trusts, endowments, foundations, institutions, retirement plans and IRAs and other entities.

Details Hidden

TIAA-CREF Investment Management (TCIM) provides investment management and certain administrative services necessary for the operation of the College Retirement Equities Fund (CREF), a diversified open-end registered investment management company consisting of eight accounts that issues individual, group and tax-deferred variable annuity contracts. CREF's main purpose is to invest funds for retirement and pay income based on investments in its eight registered investment accounts which include: Stocks, Global Equities, Growth, Equity Index, Bond Market, Inflation-Linked Bonds, Social Choice, and Money Market.

Details Hidden

Fundsmith is a fund management company established in 2010 by Terry Smith. The business is 100% owned and controlled by its partners, who have worked closely together over many years, and is headquartered in London with an office in Connecticut, USA. The investment process of the Fundsmith Equity Fund will be the only equity fund strategy that we employ and the Fundsmith Equity Fund is the main vehicle for Terry’s own investments.

Recent Transactions
Details Hidden

Intuit, Inc. purchases TSheets.com LLC from Summit Partners LP

Details Hidden

Intuit, Inc. purchases MTS Global (Europe) Ltd. from MTS Global Ltd.

Details Hidden

Welsh, Carson, Anderson & Stowe, Revel Systems, Inc., ROTH Venture Finance Group purchase iqPOSitive

Insider Transactions
Details Hidden
Details Hidden
Details Hidden
Transaction Advisors
Accountant

Advised onIntuit, Inc. purchases Quicken Loans, Inc.

Legal Advisor

Advised onIntuit, Inc. purchases Digital Insight Corp. (Old)

Legal Advisor

Advised onThoma Bravo LLC purchases Digital Insight Corp. from Intuit, Inc.

Legal Advisor

Advised onIntuit, Inc. purchases Digital Insight Corp. (Old)

Legal Advisor

Advised onThoma Bravo LLC purchases Digital Insight Corp. from Intuit, Inc.

Legal Advisor

Advised onIntuit, Inc. purchases Digital Insight Corp. (Old)

Advisors & Consultants
Legal Advisor

Partner at Wilson Sonsini Goodrich & Rosati PC

Advisor

Co-Founder at Qatalyst Group LP

Legal Advisor

Partner at Fenwick & West LLP

Clients

Facebook, Inc. engages in the development of social media applications for people to connect through mobile devices, personal computers, and other surfaces. It enables users to share opinions, ideas, photos, videos, and other activities online. Its products include Facebook, Instagram, Messenger, WhatsApp, and Oculus. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004 and is headquartered in Menlo Park, CA.

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

Alphabet, Inc. is a holding company, which engages in the business of acquisition and operation of different companies. It operates through the Google and Other Bets segments. The Google segment includes its main Internet products such as Ads, Android, Chrome, Commerce, Google Cloud, Google Maps, Google Play, Hardware, Search, and YouTube. The Other Bets segment includes businesses such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo, and X. The company was founded by Lawrence E. Page and Sergey Mikhaylovich Brin on October 2, 2015 and is headquartered in Mountain View, CA.

Key Stats and Financials As of 2018
Market Capitalization
$51.9B
Total Enterprise Value
$52B
Earnings Per Share
$4.64
Revenue
$5.96B
EBITDAMargin
29.34%
Enterprise Value Sales
8.72x
Enterprise Value EBITDAOperating
29.73x
TEVNet Income
42.96x
Debt TEV
0.01x
Total Debt
$438M
Total Equity
$2.35B
Net Profit
$1.21B
EBITDA
$1.75B
Three Year Compounded Annual Growth Rate Of Revenue
12.47%
Five Year Compounded Annual Growth Rate Of Revenue
7.41%
Non-Profit Donations & Grants
Non-Profit Donations & Grants Received
$20K
08/03/2010
Political Donations
$1,500
2014
$1,000
2014
$5,000
2014
Investments
Details Hidden

Townsquared, Inc. supplies fresh pasta and meatballs products. The company was founded by Rohit Prakash and Nipul Patel on April 2, 2012 and is headquartered in Sacramento, CA.

Details Hidden

Revel Systems, Inc. provides iPad point of sale systems software for restaurants, grocery, and retail industries. It integrates inventory management, employee management, sales reporting into a single platform. The company was founded by Lisa Falzone and Christopher Ciabarra in 2010 and is headquartered in San Francisco, CA.

Details Hidden

Clinkle Corp. develops mobile payment applications. It offers a payment platform for purchases. The company was founded by Lucas Andrew Duplan in 2011 and is headquartered in San Francisco, CA.

Investors
Details Hidden

Managing Director at HyTrust, Inc.

Details Hidden

Managing Director at Industry Ventures LLC

Suppliers
Kilroy Realty Corporation Industrial Machinery & Manufacturing | Los Angeles, CA

Kilroy Realty corp KRC has successfully operated in West Coast commercial real estate markets for more than six decades. We have built deep experience in the region serving its many dynamic economic centers across multiple business cycles and operating environments. Today, we operate a portfolio of high quality commercial properties totaling more than 12.5 million square feet that span top coastal market locations from Seattle to San Diego. We serve a broadly diversified roster of industries, including many of the region’s leading firms in technology, telecommunications, engineering, entertainment, healthcare, biotechnology, and professional services. A fully integrated real estate enterprise Our decades of experience have taught us the wisdom of mastering all the disciplines of our profession. KRC's core management capabilities encompass all aspects of real estate, including property and land acquisition, financing and property development, construction management, leasing and property operations, and long-term strategic portfolio development. This integrated approach to real estate ownership produces efficiencies throughout our enterprise. It also creates a sound base from which to navigate challenging conditions and capitalize on nascent opportunities that are both part of a normal real estate business cycle. In 1997, we became a publicly traded real estate investment trust. Our common stock trades on the New York Stock Exchange and, in 2001, was added to the S&P MidCap 400 Index. In 2010, our publicly traded debt securities were rated investment grade by Moody’s and Standard and Poor’s. Public ownership and investment grade debt ratings both enhance our access to a variety of financing sources at attractive rates, and supports our ability to fund growth while also maintaining a strong and flexible capital structure. A disciplined business strategy Operating in one of the most dynamic economic regions of the world has shaped our business strategy at KRC. Our primary goal is to deliver a steady stream of high quality, adaptable and productive work environments for the wide range of industries attracted to the vibrant economic centers dotting the west coast of the United States. We are opportunistic and disciplined in our approach to growth. We seek to capitalize on inflection points in a real estate cycle to add quality assets to our portfolio at substantial discounts to long-term value, through either acquisition or development. Since early 2010, we have significantly increased our asset base via acquisition, purchasing a variety of properties that meet our strict standards for quality, location, amenities and long-term appreciation potential, at what we consider to be at or near cyclically low prices. Our acquisition strategy targets two distinct opportunities: best-in-class properties that are unique and irreplaceable within their specific markets and selling at or below replacement value; and well-located, fundamentally sound properties that represent opportunities to substantially increase value over time via disciplined investment and/or improved property management and marketing. In today’s real estate environment, we continue to see and evaluate both types of acquisition opportunities. We also manage our portfolio of office properties to continually enhance its overall value. We regularly sell mature assets and recycle the capital into higher value properties, upgrading the quality of our portfolio while maintaining a healthy balance sheet and enhancing the potential returns we can generate for our shareholders. Strong and broad-based development experience When market conditions support it, we have a bias toward development, preferring to control the location, design and amenities of the properties we add to our portfolio. Such control can often produce a more appealing and functional property for our tenants and a better outcome for our shareholders. We maintain an active, multi-year development program, focusing on economically dynamic locations where anticipated long-term demand is strong, supply is habitually limited and barriers to entry are formidable. Typically this means the top coastal submarkets that offer both a vibrant economic backdrop for businesses and a unique quality of life for their employees.

M&F Worldwide Corp. Holding Companies | New York, NY

M&F Worldwide Corp. operates as a holding company with interests in manufacturing licorice and check products. The company was founded in 1988 and is headquartered in New York, NY.

Square, Inc. Accounting & Financial Services | San Francisco, California

Square, Inc. engages in the provision of credit card payment processing solutions. The firm offers additional point-of-sale services, financial services, and marketing services. The company was founded by Jack Dorsey and Jim McKelvey in February 2009 and is headquartered in San Francisco, CA.

Competitors
Bank of America Corp. Retail & Commercial Banking - Charlotte, NC

Bank of America Corp. is a bank and financial holding company, which engages in the provision of banking and nonbank financial services. It operates through the following segments: Consumer Banking, Global Wealth and Investment Management, Global Banking, Global Markets, and All Other. The Consumer Banking segment offers credit, banking, and investment products and services to consumers and small businesses. The Global Wealth and Investment Management provides client experience through a network of financial advisors focused on to meet their needs through a full set of investment management, brokerage, banking, and retirement products. The Global Banking segment deals with lending-related products and services, integrated working capital management and treasury solutions to clients, and underwriting and advisory services. The Global Markets segment includes sales and trading services, as well as research, to institutional clients across fixed-income, credit, currency, commodity, and equity businesses. The All Other segment consists of asset and liability management activities, equity investments, non-core mortgage loans and servicing activities, the net impact of periodic revisions to the mortgage servicing rights (MSR) valuation model for both core and non-core MSRs, other liquidating businesses, residual expense allocations and other. The company was founded by Amadeo Peter Giannini in 1904 is headquartered in Charlotte, NC.

JPMorgan Chase & Co. Retail & Commercial Banking - Midvale, UT

JPMorgan Chase & Co. is an American multinational banking and financial services holding company. It is the largest bank in the United States by assets, and as of 2012, it ranks as the second largest bank in the world by assets with total assets of $2.509 trillion. It is a major provider of financial services, and according to Forbes magazine is the world's second largest public company based on a composite ranking. The hedge fund unit of JPMorgan Chase is one of the largest hedge funds in the United States. It was formed in 2000, when Chase Manhattan Corporation merged with J.P. Morgan & Co

PayPal Holdings, Inc. IT Consulting & Services - San Jose, CA

PayPal Holdings, Inc. engages in the development of technology platform for digital payments. Its solutions include PayPal, PayPal Credit, Braintree, Venmo, Xoom, and Paydiant products. It manages a two-sided proprietary global technology platform that links customers, which consist of both merchants and consumers, to facilitate the processing of payment transactions. The company was founded in December 1998 and is headquartered in San Jose, CA.

Awards & Honors
Rank #13
2017
Fortune Magazine - The 100 Best Companies to Work For
Sponsored by Fortune Magazine
Rank #552
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine