India, April 23 -- Intuit Inc. (INTU), a financial technology platform, on Wednesday announced that it has signed an agreement to acquire an HR platform, GoCo.io, Inc. The deal is expected to close in the fourth quarter, and the financial terms were not disclosed.
Shares of Intuit are increasing by around 3% in the pre-market trading.
The partnership is expected to allow it to offer an all-in-one Human Capital Management or HCM solution, helping businesses streamline hiring and manage their employees more efficiently.
The acquisition marks a major move in Intuit's plan to support mid-sized businesses through a unified platform.
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GoCo was founded in 2015...