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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags MYOBPayGlobalMYOB FinanceMYOB Holdings

Brand Post

Featured

Slideshows

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards

Hundreds of leaders from the New Zealand IT industry gathered at the Hilton in Auckland on 17 November to celebrate the finest female talent in the Kiwi channel and recognise the winners of the Reseller News Women in ICT Awards (WIICTA) 2020.

The Kiwi channel gathers for the 2020 Reseller News Women in ICT Awards
Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards

The leading female front runners of the New Zealand ICT industry joined together for the annual Reseller News Women in ICT Awards event at the Hilton in Auckland, during which hundreds of guests celebrated 13 outstanding individuals who won awards, chosen from more than 50 finalists representing over 30 organisations.

Leading female front runners honoured at the 2020 Reseller News Women in ICT Awards
Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners

More than 500 channel leaders gathered in Auckland on 21 October at the ​Reseller News Innovation Awards ​2020 to celebrate the achievements of the New Zealand technology industry's top partners, start-ups, vendors, distributors and individuals.

Channel gathers to celebrate the Reseller News Innovation Awards 2020 winners
Show Comments