Intuit Driving SaaS Growth with Demandforce Purchase
May 02, 2012
Business management solutions provider Intuit (NASDAQ: INTU) has agreed to acquire marketing and communications SaaS specialist Demandforce for $423.5 million in cash. The purchase, expected to close this month, will boost Intuit’s SaaS offerings for small and medium enterprises. Demandforce is venture backed by investors including Benchmark Capital, Floodgate Fund and Palo Alto Venture Partners.