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Intuit shares were trading higher by 5.6% at $291.18 at the time of publication Friday.
This acquisition will accelerate Intuit's ability to organise, understand, and use data to deliver personalised insights that help customers quickly achieve success and build confidence whenever they use Intuit products.
Additionally, in an internal video, Intuit admitted that the company delisted their landing page for Free File from online search results.
"This has been our focus since our inception, and we are excited by the opportunity to apply this to the problems Intuit is solving for millions of customers."
Intuit has a long history of working with small businesses and startups globally.
The goal of the ProAdvisor Program is to provide support for our accounting partners so they can accelerate their growth within Intuit's ecosystem.
The organization's ERM program supported Intuit through a period of significant shifts; from desktop to Internet and mobile devices, to platforms with application programming interfaces enabling end-user and third-party-developer contributions, and embracing potential opportunities for new markets worldwide. pricing/).
After working with third-party security expert Palantir on a preliminary examination of recent fraud activities, Intuit believes that these instances of fraud did not result from a security breach of its systems and that the information used to file fraudulent returns was obtained from other sources outside the tax preparation process.
Founded in 1983, Intuit had revenue of $4.2 billion in its fiscal year 2013.
The council meets periodically at Intuit's Silicon Valley headquarters, getting an inside look at the company's strategy and products in development.