Intuit sells Quicken to private equity firm in management buyout • Hacker News Board

Re: Intuit sells Quicken to private equity firm in management buyout

#21

Post by geggam » Fri, Mar 04, 2016, 11:39 PM UTC

yoodenvranx wrote: post #17

flog wrote: post #5

All looking pretty good for cloud accounting products like Xero.com - the desktop is dead!

>the desktop is dead Perhaps I am already too old, but the idea of cloud application sucks and I hope the desktop never dies. In my opinion the cloud should only be used to synchronize my data between my devices but it should never be the sole source of my programs. If I spend money on software then my main requirement is that I can install it locally and run it independent of the mother company.

Recently I replaced the kids laptops with Desktops. They use the desktop and the smartphone when not at the Desk.

Cheaper to upgrade / fix / repair / replace.

I build clouds for a living. There is no cloud. It is just someone elses computer.

Re: Intuit sells Quicken to private equity firm in management buyout

#22

Post by georgeglue1 » Fri, Mar 04, 2016, 11:47 PM UTC

flog wrote: post #5

All looking pretty good for cloud accounting products like Xero.com - the desktop is dead!

I mean, Intuit has moved its core accounting products to the cloud a while ago as well right? I'm not sure I understand how Xero is connected to Quicken-type services.

Re: Intuit sells Quicken to private equity firm in management buyout

#23

Post by timberburn » Fri, Mar 04, 2016, 11:51 PM UTC

sandmansandine wrote: post #14

rgovind wrote: post #7

Earlier quoted context omitted.

Slack?

Slack's desktop client is really just Electron I believe

That's the direction consumer desktop apps should move. Cheaper to develop, maintain, update, etc.

Re: Intuit sells Quicken to private equity firm in management buyout

#24

Post by basicplus2 » Fri, Mar 04, 2016, 11:54 PM UTC

hackuser wrote: post #4

Is anyone, besides open source projects, investing significantly in desktop consumer software?

NCH

I use their accounts package, and a few of their other packages, I am satisfied.

http://www.nchsoftware.com/

Re: Intuit sells Quicken to private equity firm in management buyout

#25

Post by soccerdave » Sat, Mar 05, 2016, 12:01 AM UTC

isomorphic wrote: post #15

I'm just not going to put all of my financial records in once place under one vendor in the cloud. On the other hand, I'm not going to trust Quicken after years of neglect and no sane way of getting my data out. I used GnuCash for a few years, and was generally satisfied with many parts of it, yet it was horribly broken in some ways. And it isn't easy to get data out, even though it can use a native XML storage forma…

I'm curious how you are organizing your data. Do you have one file per account (checking, credit card) or is it all in one big file? I've looked at ledger a few times and get a little overwhelmed, part of it though is because Quicken is so easy since it downloads everything.

Re: Intuit sells Quicken to private equity firm in management buyout

#26

Post by kilroy123 » Sat, Mar 05, 2016, 12:06 AM UTC

Very interesting. Mint must of been making, a um, mint for inuit. I was always skeptical it was a big money maker for them. This move tells me it is far more profitable.

Re: Intuit sells Quicken to private equity firm in management buyout

#27

Post by nathankane » Sat, Mar 05, 2016, 12:10 AM UTC

kilroy123 wrote: post #26

Very interesting. Mint must of been making, a um, mint for inuit. I was always skeptical it was a big money maker for them. This move tells me it is far more profitable.

No, Mint isn't even reported in Intuit public earnings reports because its contribution is so small it's not material to overall earnings

Re: Intuit sells Quicken to private equity firm in management buyout

#28

Post by milesskorpen » Sat, Mar 05, 2016, 12:10 AM UTC

kilroy123 wrote: post #26

Very interesting. Mint must of been making, a um, mint for inuit. I was always skeptical it was a big money maker for them. This move tells me it is far more profitable.

What makes you think that? Everything I've heard suggests that Mint is very far from profitable.

Re: Intuit sells Quicken to private equity firm in management buyout

#29

Post by AznHisoka » Sat, Mar 05, 2016, 12:19 AM UTC

kilroy123 wrote: post #26

Very interesting. Mint must of been making, a um, mint for inuit. I was always skeptical it was a big money maker for them. This move tells me it is far more profitable.

I'd wager acquiring mint was one of their worst decisions ever. A product that's losing popularity year after year and a pain to maintain technically too. Wouldn't be surprised if they shutdown the product in a year.

Re: Intuit sells Quicken to private equity firm in management buyout

#30

Post by 1024core » Sat, Mar 05, 2016, 12:37 AM UTC

kilroy123 wrote: post #26

Very interesting. Mint must of been making, a um, mint for inuit. I was always skeptical it was a big money maker for them. This move tells me it is far more profitable.

Anecdata of size 1: I used Mint initially, and then gave up on it. I was too scared of keeping all my eggs in one basket!