Printer Friendly

Intuit Expands QuickBooks Platform with Acquisition of Exactor.

MANews-(C)2009-2017

27 October 2017 - California, US-based business and financial software company Intuit Inc. (NASDAQ: INTU) has agreed to acquire Pennsylvania, US-based SaaS technology provider of sales tax compliance software Exactor to expand QuickBooks platform, the company said.

Terms of the transaction were not disclosed.

Intuit said it plans to integrate Exactor's technology into QuickBooks Online, making it easy for retail customers to track and file sales tax returns accurately.

Intuit Inc.'s products and services include QuickBooks, TurboTax, QuickBooks Self-Employed, Mint and the ProConnect portfolio. Intuit serves 46m customers in North America, Europe, Australia and Brazil, with revenue of USD 5.2bn in its fiscal year 2017.

The company has approximately 8,200 employees with major offices in the US, Canada, the UK, India, Australia, Israel and other locations.

Country: USA

Sector: Computer Software

Target: Exactor

Buyer: Intuit Inc

Vendor:

Deal size in USD:

Type: Corporate Acquisition

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

COPYRIGHT 2017 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2017 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M & A Navigator
Date:Oct 27, 2017
Words:162
Previous Article:LCM Partners Acquires Spanish NPL Portfolio from Aiquon Capital.
Next Article:FE International Acquires e-Commerce Mergers and Acquisitions Advisory Iacquisitions.
Topics:

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |