Intuit, Inc.

Intuit, Inc.

Intuit, Inc.

Overview
Date Founded

1993

Headquarters

2700 COAST AVE, MOUNTAIN VIEW, CA, 94043, USA

Type of Company

Public

Employees (Worldwide)

9,400

Industries

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

Company Description

Intuit, Inc. 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.

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Executives & Employees

Founder

President & Chief Executive Officer

Chairman & Chief Executive Officer

Chief Financial Officer

Chief Financial Officer & Senior Vice President

Executive Vice President & Chief Financial Officer

Senior Vice President, General Counsel & Corporate Secretary

Executive Vice President, Chief Technology Officer

Chief Corporate Strategy & Development Officer

Board of Directors

Former Chairman & Chief Executive Officer at Intuit, Inc.

Founder at Intuit, Inc.

President & Chief Executive Officer at Intuit, Inc.

Chief Legal Officer at The Hearst Corp.

Member, Leadership Team at Eli & Edythe Broad Foundation

Director of Product Management at Facebook, Inc.

Executive Chairman at LinkedIn Corp.

Director & Chief Executive Officer at Oportun Financial Corp.

Former Chief Financial Officer & Executive Vice President at Cisco Systems, Inc.

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Intuit, Inc.
Owners & Shareholders
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Price Associates uses a complex and multifaceted approach to investment analysis and asset management decisions. They integrate ESG factors into their investment research process. The firm focuses on the ESG factors they consider most likely to have a material impact on the performance of securities in client accounts. Price Associates also focuses on their analytical process on three areas of research: the industry, the contracts issued, and the creditworthiness of each individual issuer.

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Edgewood Management primarily manages large-cap growth equity portfolios which pursue long-term appreciation driven by investment in a concentrated group of US growth stocks which Edgewood considers to be of a high quality. Portfolios primarily consist of the stock of approximately twenty-two (22) publicly traded companies. The firm identifies investments through research-driven fundamental analysis and employs a bottom-up approach in its investment analysis. Their Investment Committee incorporates both qualitative and quantitative inputs with bottom-up fundamental company analysis to identify the most appropriate securities to include in an investment portfolio. Edgewood Management is extremely valuation sensitive and typically have a three to five year holding period.

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SCM employs fundamental, bottom-up, and company-focused research in their investment process. They maintain a single growth-oriented philosophy that is applied across all strategies. The Select Growth strategy provides clients with exposure to their growth opportunities through a concentrated portfolio of primarily large- and mid-capitalization growth businesses. Portfolio companies are primarily domiciled in the US but also include the equity securities of issuers in other developed and emerging markets. The firm's Global Growth strategy is a concentrated portfolio that typically includes issuers that are domiciled in both developed and emerging markets. Their Global Leaders strategy is almost the same with the Global Growth strategy. Sands' Emerging Markets Growth strategy is a concentrated portfolio that typically includes issuers that are domiciled in or have significant exposure to emerging and frontier markets. The firm's Technology Innovators strategy is a concentrated portfolio of growth businesses which may be publicly or privately held, with a particular emphasis placed on companies classified in the technology sector, typically including issuers. Sands' Focus strategy is a concentrated portfolio of primarily large-capitalization growth businesses that typically includes issuers. Portfolio companies are selected from Sands' other equity strategies.

Recent Transactions
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Intuit, Inc. purchases Credit Karma, Inc. from Silver Lake Management Co. LLC

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Intuit, Inc. purchases Origami Logic, Inc. from Accel Partners LLC, Lightspeed Management Co. LLC, Icon Ventures LLC, DAG Ventures LLC, Next World Capital LLC

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

Transaction Clients

Advised on Insure.com, Inc. issued USD Common Stock

Insider Transactions
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Transaction Advisors
Accountant

Advised onIntuit, Inc. purchases Quicken Loans LLC

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)

Legal Advisor

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

Advisors & Consultants
Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Advisor

Co-Founder at Qatalyst Group LP

Real Estate Agent

Managing Director at Jones Lang LaSalle

Clients

Etsy, Inc. engages in the management of an online marketplace. Its technology platform allows sellers to manage and scale their business. The firm offers handmade products such as shoes, clothing, bags, and accessories. It operates through the United States and International geographical segments. The company was founded by Haim Schoppik, Robert Kalin, Jared Tarbell, and Christopher Maguires in June 2005 and is headquartered in Brooklyn, NY.

Stamps.com, Inc. provides Internet-based mailing and shipping solutions. It enables small businesses, enterprises, and online retailers to print U.S. Postal Service-approved postage. The firm operates under following segments: Stamps.com and MetaPack. The Stamps.com segment derives revenue from external customers from offering postage online and shipping software solutions offered to consumers, small businesses, e-commerce shippers, enterprise mailers, and high volume shippers. The MetaPack segment consists of the operations of MetaPack which derives revenues from external customers from offering multi-carrier enterprise-level shipping software solutions to large e-commerce retailers and brands. The company was founded by James Alastair Campbell McDermott, Jeff Green and Air R. Engelberg in September 1996 and is headquartered in El Segundo, CA.

On Deck Capital, Inc. engages in online business lending. It offers financing solution for small businesses, including short term loans, long term loans and lines of credit. The company was founded on May 4, 2006 and is headquartered in New York, NY.

Key Stats and Financials As of 2019
Market Capitalization
$79.9B
Total Enterprise Value
$70.9B
Earnings Per Share
$5.9
Revenue
$6.78B
Net Profit
$1.56B
EBITDA
$2.08B
EBITDAMargin
30.65%
Total Debt
$436M
Total Equity
$3.75B
Enterprise Value Sales
10.45x
Enterprise Value EBITDAOperating
34.11x
TEVNet Income
45.54x
Debt TEV
0.01x
Three Year Compounded Annual Growth Rate Of Revenue
13.06%
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.

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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.

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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

Partner at Aspen Design Works LLC

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General Partner at Tiller Partners

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Co-Founder & Director at Minds + Machines

Suppliers
Kilroy Realty Corporation Trusts & Funds | 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.

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

Square, Inc. engages in the provision of credit card payment processing solutions. It is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses. The firms sellers downloads the Square Point of Sale mobile app, they can quickly and easily take their first payment, typically within minutes. Its system, sellers gain access to features such as next-day settlements, digital receipts, payment dispute management, data security, and Payment Card Industry compliance. 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.

Amazon.com, Inc. IT Consulting & Services | Seattle, Washington

Amazon.com, Inc. engages in the provision of online retail shopping services. It operates through the following business segments: North America, International, and Amazon Web Services (AWS). The North America segment includes retail sales of consumer products and subscriptions through North America-focused websites such as www.amazon.com and www.amazon.ca. The International segment offers retail sales of consumer products and subscriptions through internationally-focused websites. The Amazon Web Services segment involves in the global sales of compute, storage, database, and AWS service offerings for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Competitors
Facebook, Inc. Internet Software & Services - Menlo Park, CA

Facebook, Inc. operates as a social networking company worldwide. The company 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. The firm's 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. 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 - New York, NY

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

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
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