Intuit will take on the world from Mississauga

26.11.2008

"Literally, in our public reports, we used to call that 'other,'" said Lintner. "When we thought about how we can continue to grow this company at 15 per cent year, we thought maybe we shouldn't call it other."

Intuit's idea to grow its next billion dollars in business, said Lintner, is to take its offerings, which the company feels are the best offerings available for small business, and bring them everywhere small businesses are, and want to go.

The company served 31 million small businesses in Canada and the U.S. But there are 400 million small businesses in the rest of the world. And some 60 per cent of them are located in 12 countries in Southeast Asia.

"We're going to go and build software for the world, built in a way that can serve those emerging markets in Southeast Asia," said Lintner. "This planet's future is in those countries. And we've decided to build those products here in Canada."

There are 80 million street vendors in India, said Lintner, and they're all small businesses. They don't carry laptops with them, however.