Intuit Inc. (INTU: Quote) has agreed to sell Intuit Websites to Endurance International Group, a US provider of hosting, domains and online solutions for small and medium-sized businesses.
Intuit Websites, which includes Homestead Technologies, and is part of Intuit's small business group, provides solutions that enable small businesses to create and enhance their online presence.
Barry Saik, vice president and general manager of Intuit's Grow Your Business division, said, "Selling Intuit Websites to Endurance presented the best way to accelerate our Small Business Group's success and provide our customers with a best-in-class solution."
The company did not disclose any financial details of the deal, but expects to close it in the first quarter of full year 2013.
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by RTT Staff Writer
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