When Mint and Intuit announced the latter would be acquiring the former, the Quicken team and Aaron Patzer, the CEO of Mint, now a vice president of Intuit’s personal finance division, claimed that their two similar online product offerings, Mint and Quicken Online, would continue to co-exist. This made little sense to me.
In fact, I asked, “How long will it continue to make sense to maintain two highly similar services under one roof?”
We now know the answer is, “Not long at all.” The acquisition has passed regulatory requirements and is now official. With this news, Intuit has also announced that Quicken Online will cease to exist within six to nine months. This phase out will move Quicken Online users over to the Mint software.
It makes more business sense for Intuit to consolidate these similar product offerings, and I figured that in time either this would be the case or Mint’s software would be re-branded with the “Quicken Online” name.
I am not a heavy user of either Mint or Quicken Online. I prefer the desktop software. With Patzer heading the development of the desktop software as well, I expect some improvements in a year or so with the next or subsequent yearly release.
Updated March 21, 2011 and originally published November 6, 2009. If you enjoyed this article, subscribe to the RSS feed or receive daily emails. Follow @ConsumerismComm on Twitter and visit our Facebook page for more updates.