Short Take: Intuit creates new Japanese subsidiary

Intuit today announced that its Japanese subsidiary, Intuit KK, has completed the acquisition of Japan-based Nihon Micom KK for $39 million. Nihon Micom develops and markets small business accounting software in Japan. Intuit expects to complete the merger by early May. The combined companies' skills and experience in software development and marketing will offer comprehensive, easy-to-use small business accounting products to a broad range of customers, according to Intuit.