Intuit (INTU) said Wednesday it has agreed to buy human resources and benefits platform GoCo for an undisclosed amount.
Intuit will add GoCo's features to its Enterprise Suite and QuickBooks Payroll, starting with Premium and Elite Payroll customers in the US, the company said.
The transaction is expected to close in Q4, it added.
Shares of the company were up about 3.8% in recent trading.
Price: 605.96, Change: +22.40, Percent Change: +3.84
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.