• by Ray Schultz , December 23, 2021

Intuit has acquired Imvision, an API security company based in Israel. 

Terms were not disclosed, but published reports put the price at $50 million. 

Imvision was founded in 2014 by Sharon Mantin, Yossi Barshishat and Eli Plotnik. The platform auto-discovers API’s based on network traffic and classify them using machine learning, identify data exposure, and detect anomalous user and data activity, Intuit says in a blog post. 

Intuit had sought a technology that can “meet the large-scale demands of our technology and customer base,” says Gene Golovinsky, GM, Intuit Israel and VP Security Research & Development. 

Intuit -- the parent of TurboTax, QuickBooks and other brands -- recently acquired email provider Mailchimp for $12 billion in cash and stock, linking two firms that mostly serve small businesses.  

The Imvision acquisition is Intuit’s third in Israel, Golovinsky notes.