It was announced this week that Intuit has reportedly paid between $80 and $100 million to acquire a three-year old mCommerce firm out of Boston called AisleBuyer.
“We realized we have a shared vision about creating an end-to-end shopping experience,” said Andrew Paradise, found and CEO of the three-year old AisleBuyer.
The shared vision refers to the desire of both Intuit and AisleBuyer to help shoppers enjoy the benefits of mobile in their retail endeavors.
“AisleBuyer has joined the Intuit team to develop superior solutions to meet the mobile point of sale needs for small business,” Paradise says. “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.“
Among AisleBuyer’s most popular creations so gar is mShop, a smartphone app that lets users scan barcodes to gain product info while in stores.
“For the past three years we’ve enjoyed the support and camaraderie of the Boston start-up community,” Paradise admits. “As we embark on this next stage in our evolution, we are lucky to be staying in our offices in the Innovation District, and can’t wait to work with our new friends to create the future of the mobile point of sale payments business. We really appreciate everyone’s support in making this happen. It’s been an amazing ride that we’re excited to take forward.”
