- Intuit (INTU +0.1%) is acquiring Prestwick Services, provider of a workers compensation platform for small businesses that, according to Intuit, provides more accurate insurance premium calculations and eliminates large up-front prepayments.
- Whereas traditional workers comp. solutions rely on prepayments based on estimates, Prestwick's Trupay offering calculates payments in real-team, and adjusts them as employee changes take place.
- Intuit plans to offer Prestick's solution to its 1M Payroll service customers. The company will be added to Intuit's Employee Management Solutions unit.
- Recent Intuit acquisitions: GoodApril, Level Up Analytics, Payvment
From other sites
at 4-traders.com (Mar 23, 2015)
at Zacks.com (Feb 23, 2015)
at Benzinga.com (Feb 21, 2015)
at Investor's Business Daily (Feb 20, 2015)
at CNBC.com (Feb 20, 2015)
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