(Bloomberg) -- Intuit Inc. will sell its QuickBase software-development unit to a private equity firm as part of a broader effort to unload three of its divisions and focus on its main tax and small-business units.
QuickBase, which helps businesses create applications, will be purchased by Welsh, Carson, Anderson & Stowe LP, according to a joint statement Tuesday. Terms weren’t disclosed. The unit, which joined Mountain View, California-based Intuit through an acquisition in 1999, will operate as a stand-alone company with headquarters in Cambridge, Massachusetts, Welsh Carson said.
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