News Summary: Intuit sells unit for $1.03B
News Summary: Intuit sells financial services unit for $1.03B to focus on core operations
THE SALE: Intuit is selling a division that provides software for financial institutions to private equity firm Thoma Bravo in a deal worth about $1.03 billion.
THE REASON: The company says it wants to focus on its products for consumers and small businesses.
THE COMPANY: Intuit Inc., based in Mountain View, Calif., makes TurboTax, QuickBooks and other finance software. The company is still paring back its business. It also said Monday that it wants to sell a division that serves the health care industry.
