'Our strategy is focused on building ecosystems and platforms in the cloud.' 'Quicken is a desktop-centric business and it doesn't strengthen the small business or tax ecosystems,' said chief executive Brad Smith in a conference call with Wall Street last year.
Last summer, Intuit's CEO explained that Quicken, which unlike QuickBooks and TurboTax lacked a cloud-based service or subscription offer, was essentially a dead end for the company.
