Image via CrunchBase
Mint.com, a service that describes itself as the “best (free) way to manage your money”, announced today by press release, blog and direct email to its userbase, that it is to be acquired by Intuit for $170 million by the end of this year. Mint has garnered over 1.5 million users, over the past two years and is commonly known to be easy to use, intuitive, and an all around great way to get a clear snapshot of your finances; including tips on how to reduce your debt, budget better, and reach your financial goals. They have been, in some ways, in direct competition with the Intuit Quicken applications, especially as Intuit has recently been pushing itself more and more into the online space (perhaps inspired by Mint’s success?). Intuit even created its own free online offering, Quicken Online, which is also quite easy to use, though it lacks some of Mint’s more advanced features.
The big question here is what will become of the two applications?
In the beginning of August, Microsoft released a detailed 