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Intuitis getting out of the data center business. The company is selling its largest data center in Quincy, Wash., to H5 Data Centers. The latter is described as one of the largest privately-owned data center operators in this country.
Intuit moved TurboTax Online to AWS during tax season and expects to complete moving QuickBooks Online to the AWS platform this year.
“Now that most of our core applications are in AWS, the time is right to transition the ownership and operation of this data center to a team who will expertly manage the infrastructure through the remainder of this transition,” Tayloe Stansbury, Intuit’s chief technology officer, said in a prepared statement.
The deal will result in a GAAP operating loss of $75 million to $85 million for the year ending July 31, Intuit said.
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards. Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that. A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
