Intuit to Acquire Workers' Comp Payroll Provider

Intuit Inc. has signed an agreement to acquire privately held Prestwick Services, a subsidiary of Prestwick Holdings, which is a payroll-based billing and payment solutions service for the workers’ compensation industry based in Sudbury, Mass.Traditional workers’ compensation plans involve large pre-payments based on estimates, with the potential for substantial extra payments at year-end audits. With the acquisition of Prestwick Services and its Trupay technology, Intuit will open the platform that enables workers’ compensation insurance premiums to be calculated in real-tim...