Entellium, Intuit in Reported Deal

Gregory T. Huang12/1/08

Intuit, a financial software firm based in Mountain View, CA, has made an offer to buy the assets of Seattle startup Entellium, according to TechFlash. The report cites an interview with Entellium spokesperson Diane Carlini, as well as an anonymous source who puts the purchase price at about $8 million. Entellium, which was backed by Ignition Partners, Intel Capital, and other venture firms, has been rocked in the past two months by the arrests of two of its top executives on wire fraud charges.

Gregory T. Huang is Xconomy's National IT Editor and the Editor of Xconomy Boston. You can e-mail him at gthuang@xconomy.com, call him at 617-252-7323, or follow him on Twitter at @gthuang.