Mountain View, Calif. (Aug. 20, 2004) -- Two years after its acquisition of nonprofit software brand FundWare, software maker Intuit Inc. said that it would put the division on the block.

"Over the past several years, we've made a number of changes to our portfolio -- acquiring or developing businesses that fit our growth criteria and exiting those that don't,” said Intuit president and chief executive Steve Bennett. “A combination of industry dynamics, our competitive position and our other opportunities make this the right decision for Intuit.”

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