Meanwhile, the company has split its Accounting Professionals division which has been led by SVP Jill Ward. When the separation is finished in about 90 days, Ward will head the worldwide operations of the Accountant and Advisor Group, which will recruit accountants who use and recommend its small business applications. The other unit, the ProTax Group, will be headed by CeCe Merkin, who has been SVP of the financial services unit for the last three years. Intuit will keep Mint.com, which had been part of financial services. Last year, its sold Homestead, which offered Intuit Websites, but acquired DemandForce.com, which provides web-based marketing services to small businesses.
INTUIT SELLING FINANCIAL SERVICES; HEALTH UNITS Featured
Intuit is refocusing its operations on small business and consumers with the final stages of a major reorganization. It has sold Intuit Financial Services, the group that markets software to financial institutions such as banks, to private equity group Thoma Bravo for $1.03 billion. Thoma Bravo is the firm that owns Deltek. Intuit also plans to sell its medical group, which has had difficulty finding a market for its software.
