"As a standalone business, we'll focus solely on taking Quicken to the next level. "As we move through this sale, it's business better than usual," wrote Eric Dunn, who heads the Quicken unit, in an online statement.
Current users should see no interruption in their ability to use the software or its associated services, such as Quicken Bill Pay.
Intuit promised that it would continue to maintain and develop Quicken until it finds a buyer, adding that it plans to release the next edition, Quicken 2016 for Windows, and would keep working on the Mac version. Every month there seems to be some new major issue with this software," griped Bill of Scottsdale, Ariz. "I have never seen a major software company so technically inept and getting worse.
It is less and less user friendly," alleged Beverly of Midland, Tex. I've been using Quicken for many years, and it just get worse and worse with each update. Quicken's listing on, the consumer advocacy organization's website, makes for dismal reading: The overall satisfaction rating is one star out of a possible five. With years of data in the company's proprietary format - and few alternatives - they not only feel trapped but also regularly rail about the product. In many ways, Quicken is software that users love to hate.
"Quicken is 32 years old, and to a developer that usually means code that is really hard to maintain, and that certainly shows." "I love how is telling you that he can pick a buyer in a way that they will do everything they didn't do," said "QuicknPerlWiz".
"We intend to run a crisp process, focused on engaging with strong and reputable buyers." "We are seeking a buyer that recognizes the value of the brand, respects the customers and will invest in upgrading the product and support experience," said Intuit. In a FAQ about the Quicken sale, Intuit asserted that it would find the right home for the personal finance software. One indicator of the soon-to-be-sold units' worth in investors' eyes is that not one Wall Street analyst asked a question yesterday about their proposed sale. For the last 12 months, Quicken contributed just $51 million to the company's total revenue of nearly $4.2 billion. The three units Intuit plans to sell - Quicken, QuickBase and Demandforce - accounted for less than 6% of the firm's fiscal 2015 revenue, and just 2% of its net income during the same period. they are clearly only wanting to keep the top revenue items." "It is clear that this has nothing to do with which segment classes of products they are keeping vs. " clear that Intuit is divesting itself of the lowest revenue items, no matter how they spin it," wrote "smayer97" on the same thread. Others questioned Smith's explanation, saying that Intuit is simply ditching its weakest money makers to make its balance sheet look better. "I expect Quicken to be dead in two years at best," predicted someone identified as "rickbee9," in one of several comments on the Quicken discussion forum thread about the proposed sale. We value our loyal Quicken customers and we're seeking a buyer who will provide the product support and the service they deserve." "Our strategy is focused on building ecosystems and platforms in the cloud. For more information, please see our Privacy Policy Page."As you know, Quicken is a desktop-centric business and it doesn't strengthen the small business or tax ecosystems," said Intuit CEO Brad Smith in a conference call with Wall Street Thursday.
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