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LIVERMORE, Calif. and MOUNTAIN VIEW, Calif., July 9, 2007 - Activant Solutions Inc. has signed a definitive asset purchase agreement with Intuit Inc. (Nasdaq: INTU) to acquire the Intuit Eclipse™ Distribution Management Solutions business.

Under the terms of the agreement, Activant, a leading provider of vertical business management solutions, will pay Intuit approximately $100 million in cash, subject to certain adjustments, to purchase the Intuit Eclipse business. The agreement, signed on July 2, is subject to customary closing conditions and is expected to close in August 2007.

Activant has identified the wholesale distribution industry as a key vertical segment for the company's growth and expansion. The acquisition of the Intuit Eclipse business will augment its customer base and expand its technology offerings in the wholesale distribution segment.

Intuit Eclipse is a leading provider of business management solutions for wholesale distributors in segments ranging from electrical, plumbing, HVAC and building materials to industrial, janitorial and other durable goods supplies.

"The acquisition of Intuit Eclipse is an important step in Activant's vision to be a leader in vertical business management software solutions," said Pervez Qureshi, president and chief executive officer of Activant Solutions. "Intuit Eclipse has built a loyal customer base with a strong product offering that will complement Activant's technologies, and give customers a broader set of solutions to grow their businesses and better serve their customers."

Both Activant and Intuit Eclipse have deep knowledge and key partnerships in the wholesale distribution segment. The combined organizations will provide customers with an expanded portfolio offering, continued product innovation and the domain expertise that customers have come to expect.

"We are pleased to have Activant acquire our Intuit Eclipse business," said David Merenbach, vice president of Intuit-branded software businesses. "The addition of the Eclipse product strengthens Activant's suite of products targeting the wholesale distribution industry, and at the same time the divestiture allows Intuit to focus on its core businesses."

About Activant Solutions

Activant Solutions Inc. ("Activant") is a leading technology provider of vertical business management solutions serving small and medium-sized retail and wholesale distribution businesses. The company serves three primary vertical segments: automotive aftermarket, hardlines and lumber; and wholesale distribution.

Founded in 1972, Activant provides customers with tailored proprietary software, professional services, content, supply chain connectivity, and analytics. More than 30,000 customer locations use an Activant solution to manage their day-to-day operations.

Activant has operations in California, Colorado, Connecticut, Illinois, New Jersey, Pennsylvania, South Carolina, Texas, Utah, Canada, Ireland, and the United Kingdom. For more information, please visit www.activant.com.

About Intuit Eclipse, Distribution Management Solutions

Intuit Eclipse, a division of Intuit Inc., is a leading provider of business management software solutions for wholesale distributors in a number of segments, including plumbing-heating-cooling-piping, electrical, building materials, industrial, janitorial, floor coverings and other durable goods supplies industries. Its flagship product, Intuit Eclipse, is a fully integrated, real-time enterprise resource planning system that offers wholesale distributors superior software that integrates accounting, order processing, inventory control, purchasing, price discounting, customer service and e-commerce. More information can be found at www.eclipse.intuit.com

About Intuit Inc.

Intuit Inc. is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; 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 Intuit's leading tax preparation software suites for professional accountants. The company's financial institutions division, anchored by Digital Insight, provides on-demand banking services to help banks and credit unions serve businesses and consumers with innovative solutions.

Founded in 1983, Intuit had annual revenue of $2.3 billion in its fiscal year 2006. The company has more than 8,100 employees with major offices in the United States, Canada, the United Kingdom and other locations. More information can be found at www.intuit.com.

About Activant / Legal & Trademark Information

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