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Acquisition Outlook: Intuit, ADP
This post looks at the recent performance of Intuit and ADP. Strengthening its SaaS strategy, Intuit recently acquired PayCycle, which was at the top of my recommendation list for a SaaS roll-up. Its lineup of SaaS offerings now accounts for about $900 million in revenue, an increase of 22%, faster than the company average.
Report: 10,000 retailers to close by year's end
There will be as many as 10,000 retail store closures by the end of 2009, according to corporate consultancy Grant Thornton LLP.
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