Mountain View-based Intuit has purchased neighbor Mint.com for $170 million.
Mint.com, which boasts 1.4 million users, offers a free online service to help people manage their money.
Intuit makes the popular Quicken, QuickBooks and TurboTax software, and competed with Mint online.
The move is seen as partly defensive, and partly to bolster Intuit's online offerings.
Intuit famously held off an acquisition effort by Microsoft in the '90s, so the spurned buyer pushed Microsoft Money in the hopes of beating Intuit at its own game.
Microsoft Money has been discontinued. But perhaps Microsoft can swoop in and buy Wesabe, another venture capital-backed startup similar to Mint that's based in San Francisco.
Photo by Andrew Mager.
Jackson West wonders how long before the Mint vs. Quicken page will be taken down.
Published at 4:45 PM CDT on Sep 14, 2009
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