Folks,
This isn't about QuickBooks, TurboTax, Lacerte, etc - all of which are still owned and managed/developed (such as it is) by Intuit.
ONLY the Quicken product lines - both Mac and Windows - have been sold to HIG Capital. Intuit has been looking for a buyer for some time. A big mistake in my view, as Intuit bets on their CEO's own Mint online product and the cloud - which many of us object to for security and availability reasons.
The Quicken engineering/product management has absolutely nothing to do with QuickBooks or other Intuit products - which are still under the same Intuit teams.
We are led to believe the all/most of the Intuit staff associated with Quicken are still with Quicken at the new corporate home. That they will receive increased resources is at least hopeful, as both Quicken Windows and Quicken Mac have an insane number of issues that have been addressed too slowly.
(QuickBooks - an Intuit product - is another story for another thread about Intuit/Quickbooks vs HIG Capital/Quicken. But my 2 cents after reading the above negative comments is that I've found QuickBooks Mac 2016 is vastly superior to QuickBooks Windows in usability/fun for the things that it does... except for Payroll which sucks. QB Mac only uses online payroll and for the same price of Windows desktop payroll, it is a dim shadow in functionality and accounting integration.)
Ah, someone who actually knows what this company does. A CPA, perhaps?
My only real disagreement regards the comments re Mint and the cloud. The numbers on Intuit's financials regarding Quickbooks Online adoption are a strong indication that cloud is an acceptable answer for very large numbers of customers. It's definitely better to build one code base than two, and speaking as someone who tried to make Quickbooks work in a multi-user, multi-site, mixed-OS environment... the cloud was the right solution for us.
In the case of personal financial software, platform-specific solutions are probably still viable products, but still, there's a significant number of people who want mobile apps that sync with the desktop, and that syncing these days is more likely to be cloud-based than hardwired. iOS > Mac, Android > Mac, iOS > Windows, Android > Windows...
I also wonder whether Quicken, once separated from Intuit's clout, will lose the cooperation of banking institutions when it comes time to offer banking customers transaction transfer solutions. Will they ever again be able to implement a "standard" like QIF or QFX?
Certainly, there are huge trust issues involved in using the cloud for anything. But considering how deeply embedded cloud-based solutions are for all sorts of financial transactions... Unless you wait for your monthly paper statements and pay only with paper checks, isn't it "in for a penny, in for a pound?"