Intuit acquires Mint for $170 million

The news of Intuit’s intention to acquire the personal finance service Mint has been known for some time but the deal was made official Sunday night. TechCrunch broke the news of the acquisition naming unknown sources. Intuit acquired Mint for a total of $170 million.

Intuit CEO Brad Smith said “This move will enhance Intuit’s position as a leading provider of consumer SaaS offerings that connect customers across desktop, online and mobile.”

Mint was started two years ago and received a warm reception. It was a CNET webware winner for 2008 as well as 2009. It also was the winner of TechCrunch 50 in 2007. The final phases of the acquisition are set to close in fourth quarter. After that Mint will become part of Intuit’s consumer group including Quicken and TurboTax.

CNET

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Tags: Intuit, Intuit buys mint, Intuoit buys mint, Mint, Mint aquisition, Mint bought, Mintuit

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