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An Update on Mint, Formerly the Anti-Quicken

October 16, 2009
by Mary Pilon
Reporter, The Wall Street Journal

Mary Pilon

It’s been just over a month since news broke that Intuit (INTU), makers of Quicken budgeting software and Turbo Tax, would buy Mint.com for $170 million.

Some of Mint’s 1.5 million customers took to blogs and Twitter to complain about the deal and threaten to close their accounts.

About 1,500 to 2,000 customers did jump ship, said Aaron Patzer, Mint’s CEO, most within two days of the acquisition announcement. The site also, however, added 45,000 members the same week, for a total of 1.7 million users today. (The site typically adds some 30,000 users a week.) The relaunched Mint iPhone application has been downloaded 350,000 times in the last month.

“In general, there’s been more positive than negative,” he said.

Read the rest of this post on the original site

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