Menu
MYOB to acquire Christchurch-based PayGlobal

MYOB to acquire Christchurch-based PayGlobal

MYOB will fund the acquisition from existing cash reserves. The acquisition is scheduled to be completed on 31 August 2014.

MYOB Finance NZ, a subsidiary of MYOB Holdings Pty, has signed a conditional agreement to purchase Christchurch-based PayGlobal.

PayGlobal offers HR and payroll solutions for companies in NZ and Australia. According to MYOB, Payglobal’s suite is a natural extension to MYOB’s existing accounting software suites and customers, and will form part of its larger busienss offering.

MYOB CEO, Tim Reed said, “In introducing complementary solutions to our popular EXO offering for larger businesses – a market we continue to focus heavily on – MYOB is also demonstrating our commitment to invest exclusively in the local market. Over the past three years we have invested over NZ$100 million in research and development to provide comprehensive solutions that make business life easier.”

Financial details of the acquisition were not disclosed.

MYOB will fund the acquisition from existing cash reserves. The acquisition is scheduled to be completed on 31 August 2014.

Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags MYOBPayGlobalMYOB HoldingsMYOB Finance

Slideshows

Meet the leading HP partners in New Zealand...

Meet the leading HP partners in New Zealand...

HP has recognised its top performing partners in New Zealand at the second annual 2016 HP Partner Awards, held at a glittering bash in Auckland. The HP Partner Awards recognises and celebrates excellence, growth, consistency and engagement of its top partners. This year also saw the addition of several new categories, resulting in 11 companies winning across 11 award categories.

Meet the leading HP partners in New Zealand...
Channel comes together as Ingram Micro Showcase hits Auckland

Channel comes together as Ingram Micro Showcase hits Auckland

Ingram Micro outlined its core focuses for 2017 at Showcase in Auckland, bringing together the channel for a day of engaging keynotes, compelling breakout sessions and new technologies.

Channel comes together as Ingram Micro Showcase hits Auckland
Show Comments