HIG Capital to buy Quicken from Intuit

HIG Capital has “decided to invest in the Quicken business because of their deep appreciation of the Quicken product, our loyal customers, and Quicken’s commitment to helping consumers manage their finances,” according to a blog post from Eric Dunn, Quicken SVP and general manager. Financial terms weren’t announced. Intuit Inc, the seller, announced plans in August to seek out a buyer for Quicken, Dunn said. Quicken is a personal finance software. Read the rest of Dunn’s post here.