Same as the old boss.” – The Whoįrom CEO on down, many of the existing management and employees will remain at Quicken, though the CEO did promise additional head count, especially for programmers. What new functionality will be added if any? What I constantly hear in my head is a song from the band The Who. I’m glad we know at least at some level the fate of Quicken, but of course new questions pop up. For at least the past 5–6 years Quicken has been piecemealed together, and this is what led them to where they are now. is looking for a quick sale, but the issues will shine through when you do an inspection. Putting new vinyl siding might make it look nice if H.I.G. Quicken needs a new kitchen, bathrooms, central air and upgraded boiler – in other words a complete gutjob. With the sale of Quicken, it’s akin to the old house that needs upgrading to modern standards. Especially with a YoY declining revenue base.
If I were willing to make a guestimate, I would guess Quicken sold for around $200–300 million and hope certainly for under $500 million.
Unfortunately terms of the sale were not disclosed. Just to give you perspective, Quicken in 2015 generated under $51 million in revenue for Intuit. Capital according to Wikipedia has $19 billion of equity capital under management. We may receive compensation when you click on links to those products or services This article/post contains references to products or services from one or more of our advertisers or partners.
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