Intuit Inc., a provider of Web-based financial services, Thursday acquired
EmployeeMatters Inc., an online employee administration outsourcing service.
INTUIT INC. 2003 Proxy Statement and Annual Report to Stockholders::
with integrating our acquisitions of Intuit Construction Business Solutions in November 2001 and EmployeeMatters, Inc. in December 2000.
http://web.intuit.com/about_intuit/investors/annuals/2003/05_02_08.htmHOME |
As part of the purchase agreement, EmployeeMatters' partner company,
FrontLine Capital Group, will receive about $34 million in total
consideration, consisting primarily of Intuit common stock. FrontLine is a
holding company that develops and manages companies servicing small- and
medium-size businesses.
December 2000 | Fairfield County Business Journal | Find Articles at BNET::
EmployeeMatters looks ahead following Intuit merger. by KHASRU, B. Z. Perrier acquires California water company. W&M poised to acquire First Stamford Place.
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ePolicy Selected as Small Business Insurance Providerfor QuickBooks ::
Business Editors/E-Commerce and Insurance Writers TORRANCE, Intuit Completes Acquisition of Web Finance JointVenture Company. EmployeeMatters Inc.
http://www.allbusiness.com/technology/software-services-applications/6433140-1.htmlHOME |
The union will allow EmployeeMatters to expand its business, noted Elliot
Cooperstone, chief
executive officer of EmployeeMatters. "We anticipate that Intuit's expertise
in the small business market and their extensive customer base will enable
us to take our business to the next level."
Services offered by EmployeeMatters includes a virtual Human Resources
department enabling clients to effectively manage employee administration
and HR functions, such as payroll, benefits, retirement plans, business
insurance and HR compliance.
The transaction is subject to customary closing conditions, including
certain regulatory approvals, and is expected to close no later than January
31, 2001.
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