Financial software maker Intuit Inc. has agreed to acquire Calabasas online banking provider Digital Insight for $1.35 billion, the companies announced last week.

The all-cash transaction is subject to regulatory review and approval by Digital Insight shareholders. The deal is expected to close early next year.

The combined companies are expected to serve more than 5,000 financial institutions, 7 million small businesses and 25 million total customers.

"The combination of two industry leaders will put Intuit in an excellent position to bring a new generation of online banking solutions to market in a way that will redefine the way small businesses and consumers manage their financial lives," said Steve Bennett, Intuit president and chief executive officer.

Both companies hope the new marriage will make life easier for customers. "Online banking is growing

rapidly, but today's solutions don't meet the needs of most small businesses and many consumers," said Jeff Stiefler, Digital Insight chairman, president and chief executive officer. "Digital Insight's and Intuit's combined assets and competencies will change the game for small businesses, consumers and the financial institutions that serve them.

Digital Insight's business operations will continue from facilities in California and in Georgia. Corporate headquarters for Digital Insight, which was founded 11 years ago, are on Mureau Road in Calabasas. A regional office is on Lindero Canyon Road in Westlake Village.

Digital Insight stock (Nasdaq: DGIN) will cease trading when the deal closes.