EXHIBIT 99.01
Published on August 17, 2006
Exhibit 99.01
Contacts: | Investors | Media | ||
Bob Lawson | Diane Carlini | |||
Intuit Inc. | Intuit Inc. | |||
650-944-6165 | 650-944-6251 | |||
Robert_Lawson@Intuit.com | diane_carlini@Intuit.com |
Intuit Names Diane Greene to Board of Directors
VMware
Co-Founder and President Brings Leadership and Innovation
Experience Plus Extensive Technical Knowledge to Board
Experience Plus Extensive Technical Knowledge to Board
MOUNTAIN VIEW, Calif. Aug. 17, 2006 Intuit Inc. (Nasdaq: INTU) announced the appointment of
Diane Greene, co-founder and president of VMware, executive vice president and officer of EMC Corporation, to its
Board of Directors, effective Aug. 15, 2006. Greenes appointment to a new position on the
Board builds on the strength of the team and brings the number of members of Intuits board to ten.
Greene,
51, joined EMC Corporation through the acquisition of VMware in January 2004. VMware
operates as an independent subsidiary and is the global leader in software for virtualized
desktops, servers, storage and networking. Under Greenes leadership for the past eight years,
VMware created the market for mainstream virtualization and
definitively leads the virtualization software industry today. VMware
has a $630 million annualized run-rate; the companys last quarters year-over-year growth was 73
percent.
Diane Greene is a stand-out technologist with an outstanding business track record. Her
abilities and insights will be of great value to our board, said Intuit Chairman Bill Campbell.
Her pragmatic, hands-on executive style combined with her entrepreneurial approach to development
will help Intuit stay at the forefront of its customer driven focus on innovation. In addition, her
deep technical skills, her attention to strategy and her intense focus on partnerships will help
Intuit as it continues to broaden its business strategy.
Before co-founding and leading VMware, Greene held technical leadership positions at Silicon
Graphics, Tandem, and Sybase and was chief executive officer of VXtreme. Greenes degrees include mechanical
engineering, naval architecture and computer science from the University of Vermont, Massachusetts
Institute of Technology and the University of California Berkeley, respectively.
About Intuit Inc.
Intuit Inc. is a leading provider of business and financial management solutions for small and
mid-sized businesses, consumers and accounting professionals. Its flagship products and services,
including QuickBooks®, Quicken® and TurboTax® software, simplify small business management and
payroll processing, personal finance, and tax preparation and filing.
ProSeries® and Lacerte® are
Intuits leading tax preparation software suites for professional accountants.
Founded in 1983, Intuit had annual revenue of more than $2 billion in its fiscal year 2005.
The company has nearly 7,000 employees with major offices in 13 states across the United States,
and offices in Canada and the United Kingdom. More information can be found at www.intuit.com