They felt their work was done, and they did what they had set out to do,” Dunn said, “which is to carve out an asset with a lot of potential from a parent company which had neglected it.” (NPS stands for Net Promoter Score, a customer loyalty and satisfaction measurement). “More importantly, we’re a successful business that has succeeded in modernizing and improving quality for our customers.”įor example, according to Dunn, Quicken has seen an NPS gain of 25 points over a five-year period. We’re a very successful company, revenue-wise - far above what it ever was in the Intuit years,” he told TechCrunch. “We’re strongly profitable and have been consistently profitable since the time of the spinoff. The executive declined to reveal hard revenue figures but he did share that the company is profitable and has seen a 50% increase in annual sales volume over the five-year period, (or double-digit growth if you annualize it). It currently has 2 million active users, which Dunn said is “significantly higher” than what it had at the time of its spinoff from Intuit. buy, it appears that Quicken has grown quite a lot.
INTUIT QUICKEN SOFTWARE
While he was CFO, Dunn was also a software developer who worked on almost all of the early versions of Quicken, and was the first VP/general manager of the business. During his tenure at Intuit, he served as the CFO through the 1993 IPO and merger with ChipSoft (now known as TurboTax). 4 in 1986 when Quicken was its only software product. While he took over as CEO of Quicken in 2016, he first joined previous parent company Intuit as employee No. Dunn has a history with the company, so can speak pretty comfortably about where it’s been, and where it’s going.
In an exclusive interview with TechCrunch, Quicken CEO Eric Dunn did share some other details about Quicken’s performance since that last transaction, as well as its plans for the future. Today, Menlo Park, California-based Quicken is announcing that Aquiline Capital Partners will be acquiring a majority stake in the company - also for an undisclosed amount. Capital acquired Quicken from Intuit Inc. Five and a half years after being acquired by a private equity firm, personal finance software company Quicken is announcing that it is being acquired by another private equity firm.
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