Quicken is announcing that it is being acquired by another private equity firm Aquiline Capital Partners. Quicken has grown quite a lot. It currently has 2 million active users, which is “significantly higher” than what it had at the time of its spinoff from Intuit. The company is profitable and has seen a 50% increase in annual sales volume over the five-year period, (or double-digit growth if you annualize it). For example, , Quicken has seen an NPS gain of 25 points over a five-year period. (NPS stands for Net Promoter Score, a customer loyalty and satisfaction measurement). H.I.G., invested alongside the Quicken management team to improve product quality, bring Quicken to a cloud platform and launch a digitally native product in its personal finance app, Simplifi. Moving forward, Quicken plans to explore partnering with fintechs as it continues to evolve its model. It’s not ruling out acquisitions, but it’s also not an area of emphasis. No layoffs are planned with the new ownership. In fact, the company will only continue to hire and add to its 150-person staff (not including 250 contracted “customer care agents). The company will simply focus on continuing the modernization of its Quicken product and bringing more functionality to its web and mobile offerings. It will also focus on integrated financial services, such as allowing for money movement from account to account in the product as opposed to going to an external site.