MYOB revealed today that it had received an unsolicited proposal from US private equity firm KKR, which is seeking to acquire the shares of the accounting software company that it doesn’t already own.
MYOB has dumped it plan to acquire Reckon’s Accountant Group Assets, the ASX-listed software company announced this morning.
Accounting software provider Reckon will sell its accounting practice management software business to MYOB for $180 million in an all-cash deal to pay off debt.
Accounting software company MYOB has reported revenue and after tax profit increases of 13 per cent, in its full year results statement this morning.
MYOB has acquired New Zealand ERP vendor Greentree, the company announced this morning.