SQUAWK/NEWS
Account
Theme
Account
Menu
Live News CENTRAL_BANK FLASH L impact

BUZZ — Intuit to acquire AI revenue platform Sequence; shares rise

* TurboTax maker Intuit shares up nearly 6% at 328.81 * Co says it signed an agreement to acquire Sequence, an AI-native revenue management startup * Sequence automates quote-to-revenue, including pricing, billing and collections for usage, seat and milestone-based revenue * Says deal will strengthen Intuit Enterprise Suite and QuickBooks Online Advanced, and opens up B2B software and professional services * Sequence CEO Riya Grover and team to join Intuit's Mid-Market product organization * Financial terms of the deal were not disclosed * 19 of 35 brokerages rate the stock "buy" or above, 14 "hold" and 2 "sell"; median PT $400 - data compiled by LSEG * Including session's move, stock down 50.3% YTD (Reporting by Miraanta Lowrance in Bengaluru) ((miraanta.lowrance@thomsonreuters.com)

INTU.O