Fresh from its recent $50 million investment, Care.com is putting some that money to good use with the acquisition of US payroll company Breedlove & Associates, which will now operate as a subsidiary of its new parent company.
Terms of the deal were not disclosed, but with 7 million members in more than 15 countries, Care.com is intent on expanding its consumer and corporate offerings by offering them a dedicated payroll and tax platform that will compliment its other services.
Care.com already helps families look for childcare and families with special needs, as well as assisting with senior care, pet care, housekeeping and tutoring.
Austin-based Breedlove & Associates was founded in 1992 by Stephanie and Bill Breedlove and counts 10,000 active clients and processes more than $20 million in payroll every month for its customers.
Founded in 2006, Care.com firm has raised $61 million in previous rounds of financing. Earlier this year, its embarked upon an international expansion campaign and in April, it established a UK office, its first venture outside of the US for the Boston-based company.
This was followed by the launch of Care.com in Canada.
The company has also been expanding through the recent acquisition, taking up Berlin-based Besser Betreut, one of the largest online care portals in Europe.
[Image Credit: EvilErin]