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Intuit buys cloud payroll software vendor PaySuite

  • Intuit (NASDAQ:INTU) is buying PaySuite, a U.K.-based provider of cloud payroll software. Terms are undisclosed.
  • Intuit states the deal will allow small businesses to "seamlessly integrate" payroll data with QuickBooks Online, and furthers its goal of "providing small businesses with the full range of cloud-based business management tools."
  • PaySuite is Intuit's first acquisition in FY15 (ends July '15), following nearly a dozen in FY14. In May, the company announced it's buying popular bill-payment app Check for $360M.
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