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1998
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| The Financial Times, Intuit And Excite Announce Strategic Relationship |
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London -
March
16,
1998 -
Financial Times Electronic Publishing, Intuit and Excite today announced a ground-breaking project to develop the most authoritative on-line personal finance resource in the UK. These three leading companies are creating a comprehensive web site designed to help UK consumers make the most of their money by helping them to make more informed investment and financial choices.
The web site, due to be launched in Q2 1998, will combine the Financial Times' broad news coverage and analysis, including the research of its sister publication, Investors Chronicle, Excite's navigation and personalisation expertise and Intuit's easy-to-use software tools, making it the UK consumer's natural choice for personal finance information and decision-making.
"Excite and Intuit's partnership in the US has created one of the most popular personal finance channels on the Web today. We are confident that this winning formula in combination with the Financial Times will enable us to repeat the success in the UK. This collaboration enhances Excite UK's offering to become the easiest and most valuable experience on the web," said Evan Rudowski, Managing Director Excite Europe.
"Following on from the recent formation of Financial Times Electronic Publishing, we are delighted to announce, as our first joint venture, a relationship with two of the strongest partners in the Internet arena. Personal finance is a core area of content for the FT and this venture enables us to extend the FT brand to a wider audience," said Tony Blin-Stoyle, commercial director of Financial Times Electronic Publishing.
"We are very pleased to have the opportunity to work with both Excite and the Financial Times in the UK. This partnership is a milestone in the development of the Internet for UK consumers, and should revolutionise the way people inform themselves and select financial products," said Scott Cook, Founder and Chairman of Intuit Inc.
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About Intuit, Inc.
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Intuit Inc. (www.intuit.com), a financial software and web-based services company, develops and markets Quicken, the leading personal finance software and QuickBooks, the popular small business accounting software. Intuit's products and services enable individuals, small businesses and financial professionals to better manage their financial lives and businesses.
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About Excite, Inc.
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Founded in 1994, Excite, Inc. is an Internet media company that offers the Web's first free online service. The Excite Network consists of Excite's two flagship brands, Excite (www.excite.com) and WebCrawler (www.webcrawler.com). Localized versions of Excite are available in the United Kingdom (www.excite.co.uk), Germany (www.excite.de), France (www.excite.fr), Sweden (se.excite.com), Netherlands (nl.excite.com), Australia (au.excite.com) and Japan (www.excite.co.jp) Based in Redwood City, Calif., Excite, Inc. (NASDAQ: XCIT) has strategic relationships with America Online, Inc. Intuit Inc., Tribune Company, CUC Investments Inc., Apple Computer, Inc., and Netscape Communications Corp.
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About The Financial Times
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The Financial Times was founded in 1888 and, with 11 print sites around the world, is now recognised as the definitive source of international business news, comment and analysis. During the 1980's, the Financial Times group extended its activities into electronic general business information creating a leading position in Europe with products such as FT Profile and the businesses of Extel and IDC.
In January 1998, Pearson announced the merger of the FT's electronic publishing and FT Electronic Business Information activities to form Financial Times Electronic Publishing.
The Financial Times launched its well-known web site (http://www.FT.com) in May 1996 which now holds a top 10 position in Europe.
- The Financial Times web site is http://www.FT.com
- The Financial Times is part of the information division of Pearson plc (http://www.pearson.com), the international media group. The newspaper is printed in London, Frankfurt, New York, Paris, Tokyo, Stockholm, Los Angeles, Leeds, Madrid, Milan and Hong Kong and is read by more than a million people in over 140 countries world-wide.
- Financial Times Electronic Publishing brings together the FT.com web site, the hub for the electronic delivery of Financial Times content, and the specialised company, general news and financial data provided by FT Profile and other FT services.
- Financial Times Information is one of the leading providers of specialist financial information to the asset management and investment research markets around the world. It comprises Extel and Interactive Data.
- Investors Chronicle is the UK's leading investment magazine, published since 1860. It's web site is www.investorschronicle.co.uk.
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Intuit, the Intuit logo, Quicken, QuickBooks and TurboTax, among others, are registered trademarks of Intuit Inc. in the United States and other countries. Quicken.com, among others, is a trademark of Intuit Inc. in the United States and other countries.
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