Capital, a private equity firm, and the fears of Quicken’s death were, for a time, put to rest.
In 2016, Intuit sold Quicken to an affiliate of H.I.G. Then, Intuit, Quicken’s parent company, acquired Mint, one of the most popular of the Quicken alternatives, and everyone thought Quicken was going to be retired. It’s hard for a software application, paid for once and installed on your computer, to compete with apps that can be updated constantly. Then came the rise of cloud-based personal finance applications and Quicken soon found themselves behind on the times.
For years, they were one of the most popular packages out there. Quicken is an extremely popular software package for helping people get a better handle on their finances.
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