Intuit acquires Playbook HR for QuickBooks Online Self-Employed
Intuit is honing in on independent contractors with a new acquisition meant to bolster QuickBooks Online Self-Employed software.
Founded less than a year ago, Playbook HR is a San Francisco-based startup producing solutions for managing hiring, onboarding, and compliance needs for freelancers and independent contractors working for on-demand marketplaces.
Some of those needs include background checks, scheduling interviews, direct integrations with Google Apps, and managing groups of applicants by location.
Financial terms of the agreement have not been disclosed.
When the deal is complete, Playbook HR will continue to operate as normal and serve its existing customer base.
Nevertheless, Intuit does have some long-term plans already in the pipeline for its new subsidiary.
Intuit has already been targeting and working with some well-known, VC cash-flushed on-demand marketplaces, such as Uber, Lyft and TaskRabbit, among others.
Thus, Playbook HR will be woven together with QuickBooks Online Self Employed, which debuted in January as a scaled-down version of the legacy personal accounting app.
Since then, QuickBooks Online Self Employed has gotten quite a bit of attention from its makers as well as industry partners, such as payments processing platform Stripe.
That particular integration enables the marketplace to directly stream a contract worker's income data via Stripe into QuickBooks Self-Employed, offering access to tax details and compliance requirements.
Playbook HR marks Intuit's sixth acquisition this fiscal year, following Porticor, ZeroPaper, Acrede, Paysuite and KDK Softwares since August 1, 2014.