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An Idaho founder turned an annoying time-tracking problem into a $340 million acquisition from QuickBooks owner Intuit





Matt TSheets and Alex Intuit

  • QuickBooks and TurboTax owner Intuit announced its plans to acquire a time tracking software company TSheets for $340 million.
  • Intuit will keep TSheets’ Idaho headquarters as well as its 260-person team.
  • Co-founder and CEO Matt Rissell created TSheets after trying to solve time-tracking issues at his previous business.

It’s a rough day for Excel worksheets and calculators.

QuickBooks owner Intuit announced on Tuesday that it’s acquiring the time-tracking startup TSheets to streamline the payroll invoicing process, starting from the moment an employee shows up to work.

TSheets automates much of the time sheet process, making life simpler for contract employees, or staffers read more >>>

Source:: BusinessInsider.Com

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