So now Intuit owns a bank? What next? A lot.Intuit's recent purchase of Digital Insight, which provides online services to banks, follows a logical series of moves by Intuit into consumer financial services that also have implications for the business market.
The deal itself: Digital Insight provides the online banking and bill payment services for 1,760 institutions. Intuit is paying about $1.35 billion in cash and stock for a company that had $214 million in revenue for 2005 and had $149 million for the first three quarter of 2006.
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