Intuit announced last week that it has sold Quicken to private equity firm H.I.G. Capital, which plans to double the personal finance tool's Mac engineering team in an effort to improve the 33-year-old software. The investment group aims to bring Quicken for Mac closer in line with the Windows version.
"On the Mac team, we’re bringing in a new product manager starting this coming Monday," said Quicken head Eric Dunn. "We have plans within the calendar year to double the engineering team, so we can do the work we need to do to bring Mac closer to the feature set of Windows over the next quarters and years."
Quicken is the most popular personal finance software in the United States, but the Mac version has historically been lacking compared to its Windows counterpart. Dunn is confident that the software "will thrive with increased investment" and "become great again" under the new investment group's leadership.
My team and I know you count on Quicken to help you stay on top of your finances, and we are committed to continuing to improve your experience with Quicken. We’ve already started the journey with the new Quicken 2016 products that launched in November with new features to help consumers stay on top of their bills. In the last six months, we’ve also increased our investment in U.S.-based phone support.
Quicken 2016 for Mac, the latest version of the software, is available as a one-time purchase for $74.99.
