Intuit Inc. (INTU), a financial technology platform, on Wednesday announced that it has signed an agreement to acquire an HR platform, GoCo.io, Inc. The deal is expected to close in the fourth quarter, and the financial terms were not disclosed.
Shares of Intuit are increasing by around 3% in the pre-market trading.
The partnership is expected to allow it to offer an all-in-one Human Capital Management or HCM solution, helping businesses streamline hiring and manage their employees more efficiently.
The acquisition marks a major move in Intuit's plan to support mid-sized businesses through a unified platform.
GoCo was founded in 2015 which provides HR and benefits tools for small and mid-sized businesses, and its AI features will enhance Intuit's platform, including QuickBooks Payroll and Enterprise Suite.
In the pre-market trading, Intuit is 3.67% higher at $605 on the Nasdaq.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.