PRTODAY / NewswireToday Free press release distribution service network

More news: Software
Written by / Agency / Source: Intuit, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Endurance International Group to Purchase Intuit Websites Business - Intuit, Inc. has entered into a definitive agreement to sell Intuit Websites to Endurance International Group, one of the largest providers of hosting, domains and online solutions for small and medium-sized businesses in the United States (Nasdaq: INTU)
Endurance International Group to Purchase Intuit Websites Business

 

NewswireToday - /newswire/ - Mountain View, CA, United States, 2012/08/16 - Intuit, Inc. has entered into a definitive agreement to sell Intuit Websites to Endurance International Group, one of the largest providers of hosting, domains and online solutions for small and medium-sized businesses in the United States (Nasdaq: INTU) . NASDAQ: INTU

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Intuit Websites, which includes Homestead Technologies, and is part of Intuit’s Small Business Group, provides solutions that enable small businesses to create and enhance their online presence.

“The way small businesses think about their Web presence is evolving and our customers will be better served by a company that is primarily focused on websites and hosting services,” said Barry Saik, vice president and general manager of Intuit's Grow Your Business division. “Selling Intuit Websites to Endurance presented the best way to accelerate our Small Business Group’s success and provide our customers with a best-in-class solution.”

Endurance is a leading provider of cloud-based software and services and currently provides web hosting services to 2.9 million customers and manages 10 million domains.

“With this acquisition, Endurance will add the intuitive and adaptable website builder that Intuit developed, which will provide immediate benefits to our customers and strategic value to our company,” said Hari Ravichandran, chief executive officer and founder. “This acquisition also enables Endurance to provide current Intuit Website customers with access to our comprehensive online applications and services, allowing them to enhance and grow their online presences over time.”

The transaction is expected to close during Intuit’s first quarter of fiscal year 2013. Terms of the agreement were not disclosed. Intuit Websites contributed $76 million in revenue for Intuit in fiscal 2012 and will be treated as discontinued operations.

About Intuit, Inc.
Intuit, Inc. (intuit.com) is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals. Its flagship products and services, including QuickBooks®, Quicken® and TurboTax®, simplify small business management and payroll processing, personal finance, and tax preparation and filing. ProSeries® and Lacerte® are Intuit's leading tax preparation offerings for professional accountants. Intuit Financial Services helps banks and credit unions grow by providing on-demand solutions and services that make it easier for consumers and businesses to manage their money.

Founded in 1983, Intuit had annual revenue of $3.9 billion in its fiscal year 2011. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations.

About Endurance International Group
A leading provider of web hosting and online services to small and medium-sized business, Endurance International Group manages 2.9 million unique Web hosting accounts and 10 million domain names. The diversity of its brands has enabled the company to grow tremendously through both organic channels and strategic acquisitions. Since it was founded in 1997, this Massachusetts-based company has maintained its focus on matching superior customer experience with reliable, innovative solutions to help businesses create a web presence.

Intuit and the Intuit logo, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States and other countries.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Intuit, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Endurance International Group to Purchase Intuit Websites Business

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Intuit, Inc. |
Publisher Contact: Press Office - Intuit.com 
650-944-3050 press[.]intuit.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Intuit, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Intuit, Inc. / Company Profile


Read Software Most Recent Related Newswires:

Seven Real Estate Organizations Choose zipLogix™ as a Member Benefit Partner
Yardi Introduces RENTCafé Reach Advanced Property Marketing Services
Samsung and Mentor Expand Calibre DFM Offering for Mutual Customers
Pega Extends Cloud Choice Through Collaboration with Pivotal
PTC Creo Product Insight Offers the Power of the IoT for Product Design
IBM Platform Deployed by Sidra to Advance Qatar’s Biomedical Research Capabilities
Whelen Engineering Company Partners with Infor to Support Digital Transformation
Mentor Automotive Extends Test Platform Portfolio for Automotive Audio Bus
Hitachi to Deliver New Mainframe Based on IBM z Systems in Japan
The Oxford Partnership Decreases Storage Space by 75% with NAKIVO
3D Systems Chooses ThingWorx Platform from PTC to Enable Smart, Connected 3D Printers
AS ONE Leverages Oracle Database Cloud to Publish Inventory Data to 4,300 Dealers in Real Time
Noble Systems Focuses on Customer Service at ICMI 2017
UK Medical Device Manufacturer Transforms Business Performance and Profitability with NetSuite Cloud ERP
IBM Launches Accelerator Program to Kickstart Blockchain Adoption for Enterprises

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Intrinsic Executive Search Ltd

Visit  JobsWare.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)