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Intuit acquisition of TSheets for $340 Million will raise visibility of and attention to Idaho tech

December 8, 2017View for printing

Intuit, the company behind products like QuickBooks and TurboTax, today announced that it has acquired TSheets , a time-tracking service and employee scheduling app with over 35,000 customers.

The $340 million acquisition price consists of both cash and other considerations and Intuit expects the acquisition to close in the second half of 2018.

TSheets launched back in 2006 and now has offices in both Eagle, Idaho and Sydney, Australia. The company has raised a total of about $15 million thanks to a Series A round led by Summit Partners.

by Frederic Lardinois (@fredericl) ... s-for-340m/

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