This may not apply to applications that run on the cloud but almost anything with a year in its name will eventually get shut down. It is simply too costly to maintain old software, from both a programming and a support perspective. This is not unique to Quicken, it’s common for all software applications that are installed on a computer.
Is Your Quicken Scheduled for Retirement?Īs you’d expect with any software that requires constant updates, Quicken does discontinue and retire their applications after a number of years.
Quicken is now a subscription based product that has experienced success in recent years (in fact, in 2021, Aquiline Capital Partners acquired a majority stake in the company) but you might be wondering – will Quicken be discontinued anytime soon? Should it be a concern? Table of Contents Capital, a private equity firm, and the fears of Quicken’s death were, for a time, put to rest. In 2016, Intuit sold Quicken to an affiliate of H.I.G. Then, Intuit, Quicken’s parent company, acquired Mint, one of the most popular of the Quicken alternatives, and everyone thought Quicken was going to be retired. It’s hard for a software application, paid for once and installed on your computer, to compete with apps that can be updated constantly. Then came the rise of cloud-based personal finance applications and Quicken soon found themselves behind on the times. For years, they were one of the most popular packages out there. Quicken is an extremely popular software package for helping people get a better handle on their finances.
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