Intuit to buy cloud payroll platform PaySuite Aug 7, 2014, 2:41 pm PDT
by Sarah Drake Aug 7, 2014, 2:41pm PDT
Intuit to buy cloud payroll platform PaySuite
intuit
Intuit snapped up United Kingdom-based PaySuite, a provider of cloud-based payroll software.
Sarah DrakeContributor- Silicon Valley Business Journal
Personal finance software company Intuit Inc. has agreed to buy United Kingdom-based PaySuite, a provider of cloud-based payroll software.
Intuit previously formed a tie with PaySuite back in April to integrate PaySuite into Intuit's QuickBooks Online software to streamline accounts and payroll into a single dashboard, ZDNet reported. The acquisition will fully integrate PaySuite into QuickBooks while targeting more U.K.-based bookkeepers, accountants and small companies.
Financial terms were not disclosed. The deal marks the second purchase Intuit made in its new fiscal year, which began Aug. 1.
Mountain View-based Intuit has been snapping up smaller financial software companies over the past year, most recently buying mobile payment startup Check in May for $360 million, plus document service DocStoc and tax-return helper GoodApril.
Companies: INTU
Intuit to buy cloud payroll platform PaySuite
The personal finance software company has agreed to buy United Kingdom-based PaySuite, a provider of cloud-based payroll software.
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