Intuit announced that it has signed an agreement to acquire technology from mobility risk intelligence provider Zendrive. Certain Zendrive employees, including CEO Dennis Ellis and Co-founder and CTO Pankaj Risbood, will join Credit Karma to accelerate innovation and adoption of its usage-based auto insurance product, Karma Drive. Intuit expects to close the transaction in Q4 FY24. Terms of the deal weren’t disclosed.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on INTU:
- Largest borrow rate increases among liquid names
- Early notable gainers among liquid option names on May 29th
- Intuit Stock (INTU): Jefferies Analyst Sets Street-High Price Target After Q3 Beat and Raise
- Intuit price target lowered to $757 from $775 at Susquehanna
- Intuit price target lowered to $690 from $720 at Stifel