Plus, private equity firms aren’t in the business of buying businesses and shutting them down. There is simply too much of an installed based (an estimated 2 million active users) for that to happen. Quicken sunsets their older products but given the move towards a subscription model, it’s unlikely that Quicken itself will cease to exist. The product continued to run but parts of it could stop working since they weren’t being updated. Support for those applications are typically shut down too.įor example, Quicken 2007 was shut down in 2016 as Intuit moved their engineers to Quicken for Mac 20 and the Quicken Customer Care team stopped taking calls for Quicken 2007. This may not apply to applications that run on the cloud but almost anything with a year in its name will eventually get shut down.
It is simply too costly to maintain old software, from both a programming and a support perspective. This is not unique to Quicken, it’s common for all software applications that are installed on a computer.
Is Your Quicken Scheduled for Retirement?Īs you’d expect with any software that requires constant updates, Quicken does discontinue and retire their applications after a number of years. Quicken is now a subscription based product that has experienced success in recent years (in fact, in 2021, Aquiline Capital Partners acquired a majority stake in the company) but you might be wondering – will Quicken be discontinued anytime soon? Should it be a concern? Table of Contents Capital, a private equity firm, and the fears of Quicken’s death were, for a time, put to rest. In 2016, Intuit sold Quicken to an affiliate of H.I.G. Then, Intuit, Quicken’s parent company, acquired Mint, one of the most popular of the Quicken alternatives, and everyone thought Quicken was going to be retired. It’s hard for a software application, paid for once and installed on your computer, to compete with apps that can be updated constantly. Then came the rise of cloud-based personal finance applications and Quicken soon found themselves behind on the times. For years, they were one of the most popular packages out there. Quicken is an extremely popular software package for helping people get a better handle on their finances.
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