The deal, expected to close by the second quarter of fiscal 2022, will be financed through cash on hand and new debt of about $4.5 billion to $5.0 billion, Intuit said.
The deal with Intuit Mailchimp, which operates a marketing platform for small and mid-market businesses will help Atlanta expand its product base for entrepreneurs.
Other Intuit products include TurboTax, a software that helps Americans file income tax returns, and QuickBooks, a cloud-based application which helps small business manage payments.
The deal, which is expected to add to Intuit's adjusted earnings for the full year fiscal 2022, also comes as it is set to benefit from a recovery among small businesses from their pandemic-induced slump.
The Company is projected for fiscal 2022 about profit and revenue levels above the forecasted rate.