deals, acquisitions, Software

Entellium, Intuit in Reported Deal

Gregory T. Huang 12/1/08

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 the Editor of Xconomy Seattle. You can e-mail him at gthuang@xconomy.com or call 206-624-2249.