Shearman & Sterling represented Intuit Inc. in its definitive agreement to acquire PayCycle Inc. for $170 million in cash, subject to adjustment. The acquisition is expected to close during the third quarter of calendar year 2009 and is subject to regulatory review and other customary closing conditions.

PayCycle is a leader in online payroll for small businesses, accountants and financial institutions. Intuit is a leading provider of business and financial management solutions for small and mid-sized businesses; financial institutions, including banks and credit unions; consumers and accounting professionals.

Principal M&A attorneys working on this transaction include partner Michael Dorf (San Francisco-Mergers & Acquisitions) and associates Dana Kromm (San Francisco-Mergers & Acquisitions) and Danielle Giles (San Francisco-Mergers & Acquisitions).  Other attorneys involved include partners Tina Patel (Menlo Park-Intellectual Property), Wayne Dale Collins (New York/Washington, DC-Antitrust) and Larry Crouch (Menlo Park-Tax), counsel Coleen O'Mara (San Francisco-Executive Compensation & Employee Benefits), and associates Zheng Bao (Menlo Park-Intellectual Property), Molly O. Stark (New York-Executive Compensation & Employee Benefits), Eileen O'Pray (Menlo Park-Tax) and James Menz (New York-Antitrust).

For more information, please contact: Ron Brandsdorfer | New York | T +1.212.848.5081 |