Sources: Gusto paid $600M to acquire Guideline, plans to divest customers linked to rivals | NYGazet

While the HR Tech Guideline was last valued at $1.15 billion, the sale will likely yield a profit for most investors.

Last month, Gusto, a payroll and HR software company, announced that it agreed to acquire Guideline, a startup offering retirement plans to small and medium businesses. The terms of the deal weren’t disclosed, but Gusto paid approximately $600 millio... [2053 chars]