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Wajeeh Khan

EXPLAINED: Intuit stock pops on sequence acquisition news | Rare Historical Photos

Sequence Intuit INTU

Intuit (INTU) shares are extending gains on Thursday after the company announced an agreement to acquire Sequence, an artificial intelligence (AI)-powered revenue management startup. The deal will bring automated pricing, billing, and collections capabilities to INTU’s fast-growing business software portfolio. Financial terms of the transaction have yet to be disclosed, though.

The announcement brings a much-needed reprieve to Intuit stock, which is still trading roughly 50% below its price at the start of this year.

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