IN BRIEF: Intuit to acquire GoCo human resources platform

24th April 2025 04:10

Intuit Inc - Mountain View, California-based provider of financial management software solutions - Announces the signing of an agreement to acquire GoCo.io Inc, a Woodlands, Texas-based human resources platform provider for small and medium-sized businesses. The financial terms of the agreement have not been disclosed.

Intuit says: "The acquisition represents a significant step forward in Intuit's strategy to serve growing mid-market businesses with a connected platform that helps customers run and grow their business. Intuit will initially integrate GoCo's features into Intuit Enterprise Suite and QuickBooks Payroll for customers who have Premium or Elite Payroll in the US, giving businesses a single solution to manage their finances, customers, and the full employee lifecycle from onboarding to offboarding. Launched in 2024, Intuit Enterprise Suite is a configurable suite of integrated financial products designed to seamlessly scale and enhance productivity and profitability for mid-market businesses as they grow."

Current stock price: USD596.05

12-month change: down 5.5%

By Elijah Dale, Alliance News reporter

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