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Intuit QuickBooks acquires Australian tech firm

Intuit QuickBooks has announced the acquisition of a Sydney-based integrations platform as it looks to bolster its new omni-channel commerce product.

Technology Reporter 03 February 2021
— 1 minute read

OneSaas, a software company that helps businesses integrate applications and data across accounting, fulfillment, inventory management and marketing, has now been acquired by Intuit.

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The acquisition will help Intuit accelerate the growth of its new QuickBooks Commerce product, which aims to provide small businesses a single platform to manage their in-person, online and overall omni-channel sales.

“Now more than ever, it’s critical for small businesses to have an omni-channel sales strategy,” said Alex Chriss, executive vice-president and general manager of QuickBooks. 

“The OneSaas team has built an outstanding data integration platform that makes it easier for our small business owners to manage and grow their business through new channels, and the confidence to make decisions through actionable insights that drive profitability.”

Based in Sydney, Australia, OneSaas was founded in 2010 by Corneliu Tusnea, who is also the current chief technology officer.

OneSaas has been a partner of Intuit and part of the QuickBooks App Store since 2014.

Intuit QuickBooks Australia vice-president and country manager Lars Leber said the acquisition builds on the company’s acquisition of inventory management software company TradeGecko last year.

“Sydney is fast becoming a hub for technology and we are proud that our global search has resulted in the acquisition of Australian-based business OneSaas,” Mr Leber said. 

“We see immense opportunity in the APAC region. In September 2020, we acquired Singapore-based TradeGecko, and together with OneSaas, we will be able to accelerate our ability to scale QuickBooks Commerce to our customers around the world.”

Intuit is understood to be launching QuickBooks Commerce to its US-based customers first, with its international rollout to follow.

Intuit QuickBooks acquires Australian tech firm
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