Intuit Buys Elastic Intelligence, Will Use Connection Cloud To Help SME’s Build Apps
June 21, 2013
Grazed from TechCrunch. Author: Ingrid Lunden.
Some consolidation in the area of cloud services for enterprises: Intuit, the business services company that targets SMEs, is buying Elastic Intelligence, creators of Connection Cloud, a product that helps SMEs create DIY cloud-based apps. Financial terms of the deal were not disclosed. Elastic Intelligence was founded by Roger Sippl, the serial entrepreneur who also founded Informix (sold to IBM for $1 billion), Vantive (now a part of Oracle) and Visigenic. He’s also an investor in IFTTT, among other things. Sippl is joining Intuit as part of the deal.
Intuit says that it plans to integrate the Connection Cloud technology with Intuit QuickBase, its web database software platform. The idea, says Sippl, will be to attract more SMBs to the platform with the promise that apps will be easy for them to develop, “without the need for expensive developers or complex API programming.”…
Indeed, this move underscores a wider trend, which follows the larger one of the consumerization of IT, to make services like cloud computing more accessible to the common person — in this case the average SMB user who will not be an IT professional per se and will be less likely to have the resources to hire engineers for jobs like these…
Read more from the source @ http://techcrunch.com/2013/06/21/intuit-buys-elastic-intelligence-will-use-connection-cloud-to-help-smes-build-apps/