Press Release October 05, 2005

TA Associates Announces $200 Million Buyout of Intuit Information Technology

BOSTON, Oct. 5, 2005 – TA Associates, a leading buyout and private equity firm, today announced it has signed an agreement to purchase the Information Technology Solutions (ITS) business unit of Intuit Inc. in a $200 million buyout.  The transaction is expected to close within 90 days.  ITS is the leading provider of IT help desk and asset management software solutions to small and medium-sized businesses.

The partners from Goodwin Procter who represented TA Associates in this deal are John MutkoskiEdward Matson Sibble and Howard Cubell.