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On June 2, 2009, it announced the signing of a definitive agreement to purchase PayCycle Inc., an online payroll services, in an all-cash transaction for approximately $170 million. [93] On September 14, 2009, Intuit Inc. agreed to acquire Mint.com, a free online personal finance service, for $170 million. [94] [95]
René Lacerte, who co-founded and led an online payroll software startup PayCycle, stepped down as its CEO in November 2004 per the decision of the Board. Lacerte soon started working on his next company, which eventually became Bill.com. [ 6 ] Founded in April 2006 as Cashboard, Inc., [ 1 ] the company enables small businesses to pay their ...
QuickBooks is an accounting software package developed and marketed by Intuit. First introduced in 1992, QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
Intuit's deals include the $170 million acquisition of Mint Software (an on-demand personal finance manager), the $169 million deal for PayCycle (a web-based payroll provider) and the purchase of ...
In July 2011, Xero acquired the Australian online payroll provider Paycycle for a mixture of cash and shares totaling NZ$1.9 million, to integrate the company's products into its services. [44] It acquired Spotlight Workpapers in July 2012 for a mixture of cash and shares totaling $800,000. [45]
TurboTax-parent Intuit said on Wednesday it will let go of about 1,800 employees, or 10% of its workforce, as it looks to focus on its AI-powered tax preparation software and other financial products.
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