- General
- May 31, 2019
- 4 minutes read
Intuit Acquires Origami Logic
Intuit CEO Sasan Goodarzi Photo by Stephen Brashear/The DEMO Conference Intuit has acquired Origami Logic, a Silicon Valley based company backed…
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| Intuit CEO Sasan Goodarzi
Photo by Stephen Brashear/The DEMO Conference
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Intuit has acquired Origami Logic, a Silicon Valley based company backed by $65 million in funding (Crunchbase data), that develops technology to analyse and fetch insights from multiple data sets. The acquisition price was not disclosed. Intuit says this acquisition will support a critical component of its goal of streamlining data structures and architecture for customers.
The acquisition is subject to customary closing conditions, expected to be completed by the fourth quarter of fiscal 2019. “….This acquisition will accelerate Intuit’s ability to organize, understand, and use data to deliver personalized insights that help customers quickly achieve success and build confidence whenever they use Intuit products.” Intuit CEO Sasan Goodarzi said in a statement.
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| image: Intuit |
“We are impressed with the way the Origami team tackled their problem through the development of an elegant platform,” Intuit CTO Marianna Tessel also said. “We are looking forward to integrating Origami Logic’s platform and expertise into our infrastructure to accelerate our journey toward delivering end-to-end experiences that delight customers.”
Origami Logic is backed by several investors including Accel, Lightspeed Venture Partners, Icon Ventures, Saban Ventures, DAG Ventures and Viola Ventures. It counts notable names like Procter & Gamble, Lexus, Wells Fargo, Daigeo, Gillette, and Qualcomm as customers.
