BOSTON, Oct. 5, 2005 – TA Associates, a leading buyout and private equity firm, today announced it has signed an agreement to purchase the Information Technology Solutions (ITS) business unit of Intuit Inc. in a $200 million buyout. The transaction is expected to close within 90 days. ITS is the leading provider of IT help desk and asset management software solutions to small and medium-sized businesses.
The partners from Goodwin Procter who represented TA Associates in this deal are John Mutkoski, Edward Matson Sibble and Howard Cubell.