Intuit to Acquire Sequence to Expand AI-Powered Revenue Management Capabilities
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Intuit Inc. (Nasdaq: INTU) has entered into an agreement to acquire Sequence , an artificial intelligence-powered revenue management software company, expanding its capabilities in automated billing, pricing, collections and revenue recognition for mid-market businesses. The acquisition will strengthen Intuit's enterprise financial software offerings, including Intuit Enterprise Suite and QuickBooks Online Advanced, while extending its reach into industries with increasingly complex revenue models, particularly business-to-business software and professional services. Financial terms of the transaction were not disclosed, and the companies did not announce an expected closing date. Founded in 2021 and operating from London and New York, Sequence develops an AI-native platform that automates the quote-to-revenue lifecycle, covering contract configuration, pricing, billing, invoicing, collections and revenue recognition. The company's technology is designed to replace spreadsheets and disconnected financial processes with automated workflows that help businesses manage revenue across multiple pricing structures. Those structures include consumption-based billing, usage-based pricing, seat-based subscriptions and milestone-driven contracts, which can create additional complexity for finance teams as businesses expand. The acquisition supports Intuit's strategy to develop a more...
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