Intuit will pay $340 million to buy TSheets, which markets Time Capture time tracking software. The deal is expected to close by January 31. Time Capture will become part of the product line of Intuit's Small Business and Self-Employed Group.

Gordon Holfelder, who has been vice president since his company's founding, has become president of AccuFund. Holfelder replaced owner, Peter Stam, who is retiring in January. The nonprofit software company was founded in 2001.

A long-time reseller, Arxis Technology, is merging into RKL eSolutions on January 1. The parties said the merger will produce a VAR with more than 100 employees.