A couple of news items in the last month relate quite nicely. Best Software is retooling its Abra payroll line to provide online processing, expanding beyond its traditional in-house software and services offerings. Intuit, already in the processing business in a big way, purchased CBS Payroll.
Companies that we used to think of software companies are far more diverse than in years past. Intuit’s Reno, Nev.-based operations already had the capacity to employ 850 and payroll has shown strong revenue growth. In the second quarter ended January 31, its payroll business increased 32 percent to $40 million and the company expects a 25 to 35 percent increase in revenue growth.
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