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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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