Intuit to acquire AI revenue platform Sequence; shares rise

Intuit

15/10/2026 16:14

** TurboTax maker Intuit INTU.O 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))