Digital Insight Takeover Completed

MOUNTAIN VIEW, Calif. – Financial software giant Intuit Inc. announced yesterday it has completed its acquisition of Digital Insight, following Tuesday’s approval of the $1.3 billion deal by Digital Insight shareholders. Digital Insight, the provider of Internet banking services for 1,400 financial institutions–half of them credit unions–is one of three credit union outsourcers, including Open Solutions and John H. Harland, in the process of being taken over. Intuit, the maker of the popular online tax programs Quicken and TurboTax, plans to use Digital Insight’s connections with credit unions and banks to tap into the small business market. Digital Insight CEO Jeff Stiefler will remain as head of the Digital Insight subsidiary of Intuit.

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