Intuit's results for the year ended July 31 showed the products moving opposite directions. QuickBase revenue rose to $70 million from $53 million. Quicken sales dropped to $51 million from $99 million. QuickBase GM Allison Mnookin will be CEO of the newly independent company to be based in Cambridge, Mass., and will have more than 200 employees and her management team as part of the new effort. Mnookin has been with Intuit since July 1997 and headed QuickBase since July 2010. Intuit said in August it would sell QuickBase, Quicken and Demandforce as products that no longer fit with its central mission. Intuit, which calls QuickBase a "pioneer in the low-code platform space", has owned the platform since 1999. The mismatch between QuickBase and Intuit has been summed up by the description of the development environment on the product's section of the Intuit website which says QuickBase is "Used by more than half of the Fortune 100".