MYOB (Software Company)

MYOB, Mind Your Own Business, is an Australian multinational corporation that provides tax, accounting and other services to small and medium businesses.HistoryMYOB was founded in the early 1980s by Christopher Lee and a team of developers at Teleware, Inc., who developed accounting software. Teleware was purchased by Best Software, Inc. (now part of Sage) in 1993. Data-Tech Software was the Australia republisher of the MYOB products and, in 1997 entered into an agreement with Best Software to buy the company (renamed MYOB, Inc.) and bought the intellectual property rights to the software. In 1999, Data-Tech changed their name to MYOB Limited and listed on the Australian Stock Exchange (ASX) on 9 July 1999. In subsequent corporate development, MYOB Limited merged with Solution 6 Holdings in 2004. Though the company was originally founded in the US, it ceased operations outside of Australia in 2008.On 6 December 2008, Acclivity announced it acquired MYOB US Inc. and its Mac (and PC) development team from MYOB Limited of Australia. Acclivity will now drive global development of MYOB's Mac OS business management products - AccountEdge Basic, AccountEdge Pro and AccountEdge Pro Network Edition.In January 2009, a private equity consortium led by Archer Capital completed a takeover bid for MYOB, returning MYOB to private ownership.On 21 August 2011, Archer Capital sold MYOB to Bain Capital for an undisclosed amount. The acquisition gives Bain Capital a majority stake in MYOB alongside management who will continue to be shareholders in the company.MYOB Group Limited was readmitted to the official list of ASX Limited (ASX) on Monday 4 May 2015 and shares are publicly traded using the symbol - MYO.
read more..

MYOB (Software Company)

Website Info

Category: Organization
Found: 11.01.2016


Please write a comment:

User ratings