Intuit Inc. (INTU) acquires Lettuce apps for $30 million
Intuit Inc. (NASDAQ:INTU) has acquired Lettuce, a platform for managing orders and inventory online. Lettuce has not disclosed the terms of the deal in the announcement, but TechCrunch confirmed with sources that it was worth $30 million. This is Intuit’s seventeenth acquisition. Lettuce will be maintained as a standalone app for at least a year. Lettuce will be integrated into Intuit’s flagship software Quickbooks. Lettuce will maintain its offices in Venice Beach, California.
“While this is a big step for Lettuce, it doesn’t mean that much will change,” said Lettuce in a blog post. “Since the beginning, we’ve worked hard to improve the way you manage your orders and inventory so you can eliminate time-consuming, tedious tasks and spend more time doing the things you love. We plan on continuing down this path and once the transaction is closed, with Intuit’s support, we plan to accelerate this tremendously.”
Lettuce charges businesses in 3 tiers starting at $39 per month and up to $179 per month. Lettuce keeps all of your orders, inventory, invoicing, and contacts in one dashboard. It also supports integration with Stripe, Authorize.net, UPS, USPS, FedEx, Xero, Peachtree, Amazon, eBay, and Etsy.