Terms of the deal have not yet been disclosed but the acquisition is reported to be worth up to USD100 million. Aislebuyer, a Boston based startup founded in 2009, provides app solutions including mClerk, mShop and mDine that allow shoppers to bypass check out queues by using their phone to scan barcodes, browse catalogues, access product information and make purchases directly through the retailer’s POS software. The Aislebuyer team and technology will join Intuit where they will focus on transitioning the company’s POS solutions and mobile card reader, Go Payment, to the cloud.
The acquisition was confirmed in a company blog post by AisleBuyer CEO Andrew Paradise who wrote, “I’m really happy to share with you that rumours are true! AisleBuyer has joined the Intuit team to develop superior solutions to meet the mobile point of sale needs for small businesses. By leveraging our technology and talent, together with Intuit’s rock star payments team, we will continue to work on creating the best small business POS solutions in the world.”
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