Intuit chief executive Brad Smith announced the company will divest Demandforce, QuickBase, and Quicken. That will see Intuit’s revenue chopped by about $250 million, with earnings per share down by about 10 cents, for the 2016 fiscal year.
We use QuickBooks and also PayCycle. PayCycle was way more awesome and responsive when it was a stand-alone company before Inuit bought it in 2009.
Jul 23, 2009
MOUNTAIN VIEW, Calif., Jul 23, 2009 (BUSINESS WIRE) — Intuit Inc. (Nasdaq:INTU) has completed its acquisition of PayCycle, Inc.
PayCycle, based in Palo Alto, Calif., is a leader in online payroll for small businesses, accountants and financial institutions and serves more than 85,000 small businesses. Announced June 2, the approximately $170 million acquisition expands the online capability of Intuit’s payroll offering and strengthens the company’s position as a provider of software as a service for small businesses.
If PayCycle spins out on its own it will get way better, way faster again, here’s to hoping for that!
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