Intuit (Nasdaq: INTU), a Mountain View, CA-based provider of business and financial management solutions for small businesses, consumers and accounting professionals, acquired Playbook HR, a San Francisco, CA-based solution for on-demand marketplaces to manage the hiring, on-boarding, and compliance needs of independent contractors.
The amount of the deal was not disclosed.
Founded by Salina Truong and Charles Naut, Playbook HR is platform for organizing independent workforces including freelancers, independent contractors, shift-based workers, or temp workers.
For now, the acquired company will continue to serve its customer base while, over the long-term, Intuit plans to integrate the product with QuickBooks Online Self Employed to provide end-to-end compliance experience for the on-demand economy.
Founded in 1983 and led by President and Chief Executive Officer Brad Smith, Intuit provides QuickBooks®, Quicken® and TurboTax®, which allow users to manage small businesses and payroll processing, personal finance, and tax preparation and filing, Mint.com, which provides tools for people to manage their money, Demandforce®, which offers marketing and communication tools for small businesses.
Intuit had revenue of $4.5 billion in its fiscal year 2014. The company has approximately 8,000 employees with major offices in the United States, Canada, the United Kingdom, India and other locations.