Care.com acquires Breedlove & Associates
Care.com Inc., a Waltham company that aims to connect families with caregivers, said Tuesday that it has acquired Breedlove & Associates, a Texas-based provider of comprehensive household payroll, tax, and compliance services.
Terms of the transaction were not disclosed.
With about 7 million users in more than 15 countries, Care.com offers a suite of online tools that list and sort providers of child care, senior care, pet care, housekeeping, tutoring, and other services. With the acquisition of Breedlove & Associates, Care.com said it will now also be able to provide families with payroll, tax, and compliance services for their caregivers and household employees.
Stephanie and Bill Breedlove, who founded the Austin-based company in 1992, will continue to operate the business as a subsidiary of Care.com, Care.com said.
Earlier this month, Care.com said it had raised $50 million, the company’s largest investment round since its founding in 2006. As a Globe story noted, the new round was led by Institutional Venture Partners, of Menlo Park, Calif., and joined by existing Care.com investors Matrix Partners, New Enterprise Associates, Trinity Ventures, and others.Chris Reidy can be reached at email@example.com.