Intuit announced on April 23 that it has signed an agreement to acquire GoCo, a provider of modern human resources and benefits solutions for small and mid-market businesses.
Financial terms of the deal, which is expected to close during the fourth quarter of fiscal year 2025, weren’t disclosed.
With GoCo, Intuit said it will deliver a comprehensive human capital management (HCM) solution to help businesses hire the right employees and manage their workforce effectively—all in one place.
Intuit will initially integrate GoCo’s features into Intuit Enterprise Suite and QuickBooks Payroll for customers who have Premium or Elite Payroll in the U.S., giving businesses a single solution to manage their finances, customers, and the full employee lifecycle—from onboarding to offboarding.
Launched in 2024, Intuit Enterprise Suite is a configurable suite of integrated financial products designed to seamlessly scale and enhance productivity and profitability for mid-market businesses as they grow, the Mountain View, CA-based company said.
“As businesses scale, they need to be able to find, onboard, and retain the right talent, offer and manage benefits, and stay compliant while maintaining a single source of truth for all employee information,” Olivier Bartholot, vice president and segment leader of workforce solutions at Intuit, said in a statement. “GoCo brings world-class HR and benefits capabilities to our existing product portfolio. Together, we will deliver a comprehensive HCM solution to help small and mid-market businesses manage their teams, optimize productivity, and grow faster.”
Founded in 2015 and based in The Woodlands, TX, GoCo offers hiring and onboarding, workforce and talent management, benefits administration, and more to small and mid-market business customers. GoCo’s AI tools complement Intuit’s comprehensive data set, AI capabilities, and AI-enabled human experts, providing HR teams with personalized insights.
“For more than a decade, GoCo has been driven by its mission to help mid-market businesses spend less time on HR tasks so they can focus on growing happier, more productive teams,” said Nir Leibovich, co-founder and CEO of GoCo. “We’re excited to join Intuit to support its vision to become the only team management platform a business needs to grow and manage its team.”
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