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Announced

Intuit to acquire TradeGecko.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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online inventory software

Friendly

online inventory

Singapore

Majority

Pending

Acquisition

Single Bidder

management software

Software

Private

Cross Border

Synopsis

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Intuit, an American business and financial software company, agreed to acquire TradeGecko, a software-as-a-service company that develops online inventory and order management software. Financial terms were not disclosed. The transaction is expected to close in September. "We couldn’t pass up the opportunity to accelerate our long-term mission of building the commerce platform to power millions of SMBs globally. Integrating TradeGecko’s robust inventory and order management system with QuickBooks’ suite of financial, payment, reporting and accounting tools will help product sellers run and grow their business, all in one powerful platform. Bradley and I are excited about the future - all of this has been made possible with the support of our amazing customers and our incredible team of Geckos. Partnering with Quickbooks is going to be an amazing opportunity to build the platform to power millions of SMBs," Cameron Priest, TradeGecko Co-Founder and CEO.

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