India, Oct. 15 -- Intuit Inc. (INTU) announced on Thursday that it has agreed to acquire Sequence, a Series A company that provides an AI-based platform to automate revenue management. Financial terms of the deal were not disclosed.
On the Nasdaq, shares of Intuit are currently gaining 5.33 percent, changing hands at $326.99.
The deal will add billing and pricing capabilities to Intuit's mid-market offerings, including Enterprise Suite and QuickBooks Online Advanced.
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Sequence's platform replaces spreadsheets and manual workflows, allowing businesses to manage revenue tied to consumption, usage, seats and milestones. Intuit said the acquisition will broa...