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By: Janice BandickPublished On: February 23, 2015
Intuit develops the personal finance programs Quicken and TurboTax, as well as the small business accounting program QuickBooks. Intuit also produces QuickBooks Point of Sale, professional tax solutions ProSeries and Lacerte, and the Web-based corporate workgroup productivity solution QuickBase. Intuit was co-founded by Thomas Proulx and Scott Cook in 1983.
Proulx, Intuit’s first programmer and a pioneer of usability testing, was the recipient of the Inc. Magazine Entrepreneur of the Year Award in 1992. Proulx resigned from Intuit in 1993 and is now CEO of Netpulse, a fitness entertainment company based in San Francisco, CA.
Cook served Intuit’s Chairman of the Board from February 1993 to July 1998. From April 1983 to April 1994, he also served as President and CEO of Intuit. In 2002, Cook and his wife, Signe Ostby, established the Center for Brand and Product Management at the University of Wisconsin–Madison School of Business, the nation’s first university-based center focused exclusively on training MBAs in brand and product management. In 2005, Cook was #320 on the Forbes 400, with a net worth of $1.1 billion
Today, Intuit has more than US$4 billion in annual revenue and has been ranked one of Fortune’s “most admired software companies”.