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Intuit Expands QuickBooks Platform with Acquisition of Exactor.


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


Deal size in USD:

Type: Corporate Acquisition


Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Date:Oct 27, 2017
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