MYOB Group company logo

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myob.com

Founded Year

1991

Stage

Acq - Fin - III | Alive

Valuation

$0000 

Revenue

$0000 

About MYOB Group

MYOB Group is a software company that develops enterprise software products. Its products include accounting, enterprise resource planning, and other enterprise-related software. It also provides tailored support services for its enterprise software products. It is based in Cremorne, Victoria.

MYOB Group Headquarter Location

Level 3 168 Cremorne St

Cremorne, Victoria, 3121,

Australia

+61 1300793130

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Expert Collections containing MYOB Group

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

MYOB Group is included in 2 Expert Collections, including SMB Fintech.

S

SMB Fintech

1,145 items

F

Fintech

3,330 items

Excludes US-based companies

Latest MYOB Group News

KKR Completes Acquisition of MYOB

May 8, 2019

Download May 08, 2019 12:32 AM Eastern Daylight Time SYDNEY--( BUSINESS WIRE )--Global investment firm KKR and leading Australian online business management company MYOB Group Limited (“MYOB” or the “Company”) today announced the completion of the previously announced acquisition of MYOB by KKR. David Lang, Member at KKR, said, “MYOB is a true leader in the growing and innovative business solutions software segment. We are excited to partner with and support MYOB as it accelerates the company’s growth plans in Australia and New Zealand while also exploring the significant opportunities it has to offer its customers new products and solutions.” Tim Reed, CEO of MYOB, said, “The past year has been an eventful one for MYOB in which we accelerated our investment in the MYOB Platform and fast-tracked its delivery to our customers. This rollout helped us to achieve even greater online subscriber growth and propelled us to a leading position in Australia and New Zealand’s online accounting market. Now with KKR’s support and expertise, we are even better positioned for future growth. I am confident the business will continue to thrive well into the future, and am excited to embark on MYOB’s next chapter.” MYOB entered into a Scheme Implementation Agreement with KKR on December 23, 2018, under which KKR proposed to acquire all the MYOB shares it did not already own. MYOB shareholders voted in favour of the Scheme on April 17, 2019, and implementation took effect today. KKR’s investment in MYOB was made from its flagship Asian Fund III. **** About MYOB MYOB Group Ltd is a leading provider of online business management solutions. It makes business life easier for approximately 1.2 million businesses and accountants across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, job costing, inventory and more. MYOB operates across three core segments – Clients and Partners (business solutions to SMEs and Advisers); Enterprise Solutions (larger businesses) and Payment Solutions. It provides ongoing support through client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly through its Connected Practice Strategy and through the development of the MYOB Platform. For more information, visit http://investors.myob.com.au/Investors or follow @MYOB on Twitter. About KKR KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc (NYSE:KKR), please visit KKR’s website at  www.kkr.com  and on Twitter @KKR_Co. Contacts

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  • When was MYOB Group founded?

    MYOB Group was founded in 1991.

  • Where is MYOB Group's headquarters?

    MYOB Group's headquarters is located at Level 3, Cremorne.

  • What is MYOB Group's latest funding round?

    MYOB Group's latest funding round is Acq - Fin - III.

  • Who are the investors of MYOB Group?

    Investors of MYOB Group include KKR, Bain Capital, HarbourVest Partners and Archer Capital.

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