December 13, 2017

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Intuit’s ‘rise of the rest’ M&A strategy means large paydays outside the Valley

This morning, Frederic reported that Intuit has acquired TSheets, a time-tracking service, for $340 million. That’s one of the highest prices that Intuit has ever paid for an acquisition, roughly equal to the cost of the company’s acquisition of Mint Bills / Check in 2014, and slightly smaller than the acquisition of Demandforce in 2012 for $423 million (which Intuit has since divested in).

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Intuit’s ‘rise of the rest’ M&A strategy means large paydays outside the Valley

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