Digital Insight, Inc.
Menlo Park, CA
Digital Insight, formerly the Financial Services division of Intuit, Inc. (NASDAQ: INTU), helps banks and credit unions grow by offering innovative online and mobile banking solutions that make it easier for consumers and businesses to manage their money. Digital Insight provides solutions that help financial institutions achieve higher customer engagement and profitability. Thousands of banks and credit unions use Digital Insight to provide their online banking services. Thoma Bravo acquired the business from Intuit in 2013 and established it as an independent company with its own data center, back office operations and G&A functions and identified a number of cost savings opportunities. Thoma Bravo then received an offer from NCR Corporation (NYSE:NCR) to acquire the business at a price that achieved the return goals for the investment much sooner than had been anticipated. The business was sold to NCR less than six months after the Thoma Bravo investment.