What on earth was Intuit thinking when it agreed to shell $170 million for Homestead? Duncan Riley at TechCrunch says:
Intuit, best known as the creators of the Quicken financial software package said that the acquisition would allow the company to offer web site creation and ecommerce solutions to small businesses.
Duh? What would have been wrong with doing a deal with Wordpress plus PayPal? They would probably have saved $165 million. Just goes to show that modern thinking isn't exactly the forte of the accounting software vendors - is it?
Perhaps it was something to do with: the 12 million businesses Homestead claims to have helped.
Technorati Tags: Intuit, Quicken
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