Capital manages equity capital of $24 billion. Quicken generated under $100 million in revenue (not profits) in 2015. Because it’s the only company in this sector whose name starts with “Q”! Yeah, that’s it! I’m sure Quicken is very important to them. portfolio but obviously Quicken is special. Capital has invested in besides technology and IT companies.) To the untrained eye it might appear that Quicken is just one of hundreds of companies in the H.I.G.
(That’s actually not the only list – there are 15 other sectors that H.I.G. Capital when you look at the list of technology and IT companies it has invested in, shown below. Here we are 18 months later and it’s easy to see how important Quicken is to H.I.G. In March 2016, an investment capital firm bought Quicken, installed one of Quicken’s longtime employees at the head of the new company, and announced that Quicken’s future had never been brighter. Two years ago Intuit, the long-time owner of Quicken, took a look at the collapse of desktop software and decided to dump Quicken in a fire sale.
You might want to buy it but you should know what you’re getting into (and you should wait a few months while Quicken works out the typical new-version bugs). The most notable new feature is the price: Quicken has become a subscription product with an annual fee. Quicken 2018 is now available for Windows and Mac computers.
