MOUNTAIN VIEW, Calif. (AP) — Software developer Intuit Inc. said Monday it will buy Homestead Technologies Inc., a privately held maker of Web site development software, in a deal it valued at $170 million.

Intuit, which makes Quicken, TurboTax and small business accounting software QuickBooks, said the deal will add Web site creation and e-commerce software to its product mix.

“This acquisition supports our growth strategy in small business by addressing an underserved need, and continues Intuit’s move beyond financial management solutions into helping small businesses solve other important problems,” Brad Smith, senior vice president of Intuit’s small business group, said in a statement.
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Intuit - http://www.intuit.com/
Homestead.com - http://www.homestead.com/