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| Intuit And VeriSign Collaborate To Deliver Advanced Web Site Services For Small Businesses |
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| New QuickBooks Web Site Solutions to Help Small Businesses Easily Establish a Trusted Online Presence and Manage E-Businesses |
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Mountain View, Calif -
December
17,
2001 -
Intuit Inc. (Nasdaq: INTU), a leader in small business financial management solutions, and VeriSign Inc. (Nasdaq: VRSN), the leading provider of digital trust services, today announced the companies are working together to offer advanced Web site services for small businesses. QuickBooks® Web Site Solutions, powered by VeriSign technology and services, will help small businesses easily establish an online presence and more effectively manage and grow their businesses. Expected to launch by the end of this month, the new service will fully replace Intuit’s current QuickBooks Site Solutions offering by April 2002.
The alliance leverages VeriSign’s expertise in domain names and Web site building tools, as well as Intuit’s highly successful QuickBooks small business accounting software -providing small business users with a premiere-quality online presence to meet their vertical or business-specific needs.
"This collaboration with VeriSign will give our small business customers a more flexible and versatile Web site solution to meet their business needs, with full e-commerce functionality expected to be offered by next fall. It’s a perfect example of how Intuit continues to execute against its ‘Right For My Business’ strategy," said Lorrie Norrington, senior vice president of Intuit’s Small Business Division.
QuickBooks Web Site Solutions will be introduced with several new features for small businesses, including customizable pages, Web site hosting, company-branded emails and other options for expanding Web site presence. Intuit also is giving current subscribers the opportunity to get transition help and advice from a professional Web site set-up service, and all customers will have the option to hire Web site consultants who can help them create a new site to their specifications.
Online applications are critical tools for small businesses. These applications can help small businesses conveniently access essential data about their daily operations, such as payroll, sales and inventory. They also can help increase productivity and improve the decision-making process. In addition, online operations can be customized to meet the needs of specific small businesses, from general contractors to small retail stores.
VeriSign’s relationship with Intuit complements its Web Business by VeriSign suite of e-commerce solutions for small businesses. It also provides VeriSign with an opportunity to access QuickBooks’ more than 2.5 million small business customers.
"Small businesses want partners they can trust to provide solutions that work and offer value, especially when it comes to technology," said Champ Mitchell, executive vice president of VeriSign’s Mass Markets Division. "This alliance with Intuit fits with our core strategy of creating the trusted digital infrastructure for delivering Web services to businesses of all sizes. In the coming months, we will work with Intuit to explore deeper integration between financial management software, back office systems and Web site solutions, which will give small businesses even more tools to create highly profitable and scalable e-businesses."
QuickBooks Web Site Solutions will be offered to small businesses for $19.95 per month. Terms, conditions, pricing, features and service options subject to change without notice.
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About Intuit Inc.
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Intuit Inc. (NASDAQ: INTU) is the leading provider of financial software and Web-based services for consumers, small businesses and accounting professionals. Its flagship products and services, including Quicken®, QuickBooks®, Quicken TurboTax® and Quicken LoansSM simplify personal finance, small business management and payroll processing, tax preparation and filing and home loans.
Founded in 1983, Intuit has annual revenue of more than $1 billion and reaches 25 million customers with nearly 6,000 employees in 13 states and four countries. More information can be found at www.intuit.com.
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About VeriSign
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VeriSign, Inc. (Nasdaq:VRSN) is the leading provider of digital trust services that enable everyone, everywhere to engage in commerce and communications with confidence. VeriSign’s digital trust services create a trusted environment through three core offerings - web identity, authentication and payment services - powered by a global infrastructure that manages more than five billion network connections and transactions a day. Additional news and information about the company is available at www.verisign.com.
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This press release contains forward-looking statements about events that have not yet occurred. For example, statements with words like “expect,” and statements in the future tense, are forward-looking statements. Actual results may differ materially from Intuit’s expectations because of risks and uncertainties about the future. Intuit will not necessarily update information in this press release if any forward-looking statement later turns out to be inaccurate. Risks and uncertainties that may affect Intuit’s future results include, but are not limited to, those in Intuit's filings with the Securities and Exchange Commission, especially Intuit’s Form 10-K for fiscal 2001 filed on October 5, 2001 and Form 10-Q for the quarter ended October 31, 2001 filed on December 7, 2001, and at www.intuit.com/about_intuit/investors/considerations.html.
Development has not yet been completed on all of the new products and services we expect to offer. The development process is complex and involves several risks. Launches of products and services can be delayed for a variety of reasons, including unanticipated technological difficulties and resource constraints. Products and services may also have defects that could hinder performance and/or damage customer data. These problems can be expensive to fix and can also result in higher technical support costs and lost customers. Significant delays in launching new products or services, or failure to launch them, could delay or eliminate our ability to recognize any anticipated economic benefit from the new products and services.
Intuit, the Intuit logo, Quicken, QuickBooks, QuickBooks Pro, Quicken Loans and TurboTax, among others, are registered trademarks and/or registered service marks of Intuit Inc. in the United States1 and other countries. Other parties' trademarks or service marks are the property of their respective owners and should be treated as such.
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements involve risks and uncertainties that could cause VeriSign's actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others: VeriSign's limited operating history under its current business structure; the risk that the VeriSign and Illuminet businesses will not be integrated successfully and unanticipated costs of such integration; uncertainty of future revenue and profitability and potential fluctuations in quarterly operating results; failure of the combined company to retain and hire key executives, technical personnel and other employees; failure of the combined company to manage its growth and the difficulty of successfully managing a larger, more geographically dispersed organization; failure of the combined company to successfully manage relationships with customers, suppliers and strategic customers; network outages, network capacity constraints or security breaches; failure of the combined company's customers to accept new services or to continue using the products and services of the combined company; and competition in the various markets serviced by the combined company. More information about potential factors that could affect the company's business and financial results is included in VeriSign's filings with the Securities and Exchange Commission, especially in the company's Annual Report on Form 10-K for the year ended December 31, 2000, Registration Statement on Form S-4 filed on October 10, 2001 and Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30, 2001 and September 30, 2001. VeriSign undertakes no obligation to update any of the forward-looking statements after the date of this press release.
VeriSign is a registered trademark of VeriSign, Inc. Other names may be trademarks of their respective owners.
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