Under Dunn’s leadership, the company moved to a subscription membership program, modernized Quicken’s user interface, introduced Quicken web and mobile companion apps, and launched Simplifi by Quicken, a modern personal finance app for digital natives. Dunn joined as CEO at the same time, leading the company through a period of significant transformation and growth. Capital, which acquired the company from Intuit Inc. Capital over the past five years, which allowed us to modernize the business by investing in our family of products and in growing our customer base.”Īquiline will purchase a majority stake in Quicken Inc. We are also grateful for the support and partnership from H.I.G. “We look forward to partnering with Aquiline, whose expertise in financial technology will help us continue to deliver on our mission of helping people lead healthier financial lives. I’m enormously proud of the company we’ve built together,” said Quicken CEO Eric Dunn. “Our team is dedicated to giving our customers the tools they need to confidently take control of their finances.
Financial terms of the deal were not disclosed. Aquiline, a New York- and London-based private investment firm with $6.9 billion in assets under management, has expertise investing in financial services and technology companies. Quicken CEO Eric Dunn will continue to hold an equity stake alongside other employees. (“Quicken”), maker of America’s best-selling personal finance software, announced today that it has entered into a definitive agreement for Aquiline Capital Partners LLC (“Aquiline”) to acquire a majority stake in the company.
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