HispanicBusiness

California-based Intuit (NASDAQ:INTU) has snapped up Boston mobile commerce company AisleBuyer, reportedly for as much as $100 million. Both companies confirmed the acquisition yesterday but would not confirm the amount.

"We realized we have a shared vision about creating an end-to-end shopping experience," said AisleBuyer founder and CEO Andrew Paradise.

The 3-year-old company -- a MassChallenge startup contest semifinalist in 2010 -- lets smartphone owners use a mobile app to check themselves out at participating retailers.

Intuit provides financial management software for small businesses and consumers. It was one of the first companies to enter the mobile payments space with GoPayment, which processes credit cards on a mobile device.

"By leveraging (AisleBuyer's) technology and talent, we will work together as one team to drive the growth of Intuit's future mobile payments and point of sale business," said Chris Hylen, head of Intuit's payment solutions division.

Paradise said he laid off some of his approximately 42 employees but would not say how many.

NASDAQ:INTU