Deals
Intuit to Acquire Startup TSheets in Deal Valued at $340 Million
- Deal for time-tracking software maker to close this quarter
- Intuit says scheduling tools will be added to its offerings
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Intuit Inc. will acquire startup TSheets for about $340 million, adding time-tracking and scheduling tools to its lineup of software for small businesses.
The terms of the deal, which is expected to close in the current quarter, includes both cash and other considerations, the companies said in a statement, without giving details. Buying Eagle, Idaho-based TSheets, which helps businesses and employees track and manage work hours, will bolster Intuit’s QuickBooks software platform for automating tasks such as payroll and invoices, Intuit said.