VENTURE CAPITAL POST

Intuit announced its most recent quarterly report and surprised everyone when it said that it will sell Quicken, Demandforce and QuickBase but will keep TurboTax and other products.

Intuit Inc, the developer of tax-preparation software TurboTax, forecast a much bigger first-quarter loss, citing restructuring in its small business group unit. The company forecast a current-quarter loss of 36-37 cents per share. It reported a loss of 4 cents in the same quarter a year earlier.

San Francisco, US-based sales communication platform ClearSlide landed $50 million in a Series C funding round led by Social+Capital Partnership to provide a service that boosts productivity of salespeople.

San Francisco-based business software manufacturer Intuit bought document hosting and sharing service Santa Monica-based Docstoc for an undisclosed amount to power up its small business division.

Private equity firm Thoma Bravo's quick flip of Digital Insight to NCR Corp just 124 days after it acquired the firm from Intuit was highly profitable for the company, a report from The New York Times The Dealbook said.

The partnership of US software company and QuickBooks maker Intuit's partnership with banks Capital One and Wells Fargo for a loan facilitator program was a clear indication of companies turning into cloud computing and data analytics to improve their services, said an article published on the Financial Times.

FullSlate, an online scheduling service provider, was acquired by American software company Intuit for an undisclosed sum.

Intuit Co. wanted to focus on its core businesses which led to a deal worth US$1 billion with Thoma Bravo.

Intuit has purchased Elastic Intelligence to utilize Connection Cloud Technologies.

Intuit responded today to a decision of the U.S. District Court for the District of Columbia that prevents the Internal Revenue Service from regulating non-professional tax return preparers.