Intuit closes Check acquisition

Source: Intuit

Intuit Inc. (INTU) announced it has completed its acquisition of Check, a Palo Alto, Calif.-based leader in mobile bill pay that serves 10 million registered users.

The transaction, announced May 27, will accelerate Intuit's ability to offer bill pay across small business and personal finance products and create opportunities to retain, attract and serve additional customers.

Check's highly-rated mobile app automates and consolidates the bill pay process all in one place, reducing the complexity for consumers. Check customers can monitor bills and accounts, receive alerts when bills are due or funds are low, and pay bills automatically.

The transaction is valued at approximately $360 million for total cash and other consideration. 

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