M&A Deal Summary

MYOB Acquires Ace Payroll Plus

On May 28, 2015, MYOB acquired software company Ace Payroll Plus for 14M NZD

Acquisition Highlights
  • This is MYOB’s 6th transaction in the Software sector.
  • This is MYOB’s 5th largest (disclosed) transaction.
  • This is MYOB’s 5th transaction in New Zealand.

M&A Deal Summary

Date 2015-05-28
Target Ace Payroll Plus
Sector Software
Buyer(s) MYOB
Deal Type Add-on Acquisition
Deal Value 14M NZD

Target

Ace Payroll Plus

Lower Hutt, New Zealand
Ace Payroll Plus Ltd. is a developer of accounting software that provides payroll processing solutions.

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Buyer(S) 1

Buyer

MYOB

Cremorne, Australia

Category Company
Founded 1991
Sector Software
DESCRIPTION

MYOB is a provider of business management software. The company's innovative software and services simplify many parts of a business including accounting, payroll, retail POS, CRM, websites, tax, and more. MYOB was founded in 1991 and is based in Cremorne, Australia.


DEAL STATS #
Overall 8 of 18
Sector: Software M&A 6 of 14
Type: Add-on Acquisition M&A Deals 6 of 15
Country: New Zealand M&A 5 of 7
Year: 2015 M&A 1 of 2
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-14 PayGlobal

Christchurch, New Zealand

PayGlobal Ltd. is a HR & payroll software provider. PayGlobal has more than 500 customers, paying over 500,000 people with our modern, user-friendly HR & payroll software.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-30 Information Management Services

Hastings, New Zealand

IMS has been developing and supporting payroll solutions for New Zealand businesses for over 30 years. It supplies payroll software to over 10,000 businesses who have between 1 to 5000+ employees in NZ and the Pacific Islands. The company was founded in 1983 by Kevin Atkinson, a prominent Hawkes Bay community leader who is currently Chair of Hawkes Bay District Health Board, Chair of Unison Networks and a Director of Hawkes Bay Rugby.

Buy NZ$10M