Intuit Confirms Purchase of Payvment After Shutting Down Its Commerce Platform

Payvment announced it was shutting down its Facebook commerce platform last night and handing over its customers to Ecwid, and today Intuit confirmed it is acquiring at least some of its employees. In a statement, the financial software provider said: “Intuit has acquired a team of highly skilled developers who will be of great value to the social teams at Intuit.” No other terms of the deal were disclosed. Meanwhile, Payvment’s social commerce platform and companion shopping site, Lish.com, will close as of March 1.


Latest Video

View all videos »

Search »

I think the NSA has a job to do and we need the NSA. But as (physicist) Robert Oppenheimer said, “When you see something that is technically sweet, you go ahead and do it and argue about what to do about it only after you’ve had your technical success. That is the way it was with the atomic bomb.”

— Phil Zimmerman, PGP inventor and Silent Circle co-founder, in an interview with Om Malik