Menu
MYOB acquires Wellington-based payroll software firm in Xero’s backyard

MYOB acquires Wellington-based payroll software firm in Xero’s backyard

“Together we are the most experienced and the most popular provider of payroll solutions in New Zealand."

MYOB has agreed to acquire Wellington-based Ace Payroll Plus Limited for a purchase price of NZ$14 million, a move the company hopes will strengthen its hand within the payroll and accounting solutions market.

Acquired in the backyard of Wellington headquartered industry rival Xero, Ace Payroll becomes the third New Zealand company to be acquired by MYOB in two years, following the integration of BankLink and PayGlobal in 2013 and 2014 respectively.

“I am delighted that MYOB is uniting with Ace Payroll,” says James Scollay, General Manager, SME Solutions, MYOB.

“Together we are the most experienced and the most popular provider of payroll solutions in New Zealand.”

Ace Payroll provides payroll solutions for thousands of New Zealand SMEs and similarly to MYOB, it has been in this market for over 20 years.

“Paying staff on time and ensuring they meet compliance obligations is critical for small businesses. It’s therefore essential that SME employers not only have the best tools, but also the right support,” Scollay adds.

“MYOB has extensive experience in payroll and supporting customers in running their payroll. We understand that when customers need advice about payroll, they need it straight away.”

Scollay says that the transaction is scheduled to be completed around 31 May 2015.

“We’re very proud of the business we have built over the past 20 years and we believe that uniting with MYOB is the best possible outcome for our customers,” adds Phil Eriksen, founder, Ace Payroll.

Going forward, Scollay says the acquisition also demonstrates the company’s “admiration and appreciation” for Kiwi innovation and technology.

“In addition to investing in great local technology businesses, MYOB employs over 335 staff in New Zealand,” he adds.

“Of those, a quarter are employed in product development. We also have call centres in Auckland and Christchurch so that our Kiwi customers are supported by New Zealand-based customer service representatives.”

Scollay says MYOB’s research and development spend - over $100 million in the past three years - is “entirely focused” on the New Zealand and Australian markets.

“Not having to split our resources across multiple regions means that MYOB can provide SME payroll and accounting solutions specifically for small businesses in A/NZ,” he adds.

In addition, Scollay says MYOB’s investment in Ace Payroll further supports the company’s strategy of providing the right tools for every business size.

“From start-ups with one employee, through to mid-tier companies employing up to 1000 people - MYOB has it covered for payroll and accounting solutions,” he adds.

MYOB also announced today that it is embarking on the development of the next generation of online payroll solutions.

Scollay says the company will leverage the experience it has gained in this market to extend the capability of its online payroll tools.

As a result, MYOB is experiencing strong uptake of its online solutions, with 67% of new customers choosing cloud solutions in Q4 2014.

“With our new online payroll solutions, our goal is to remove complexity and create even simpler solutions to help SME owners build better relationships with their staff,” he adds.


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 MYOBxeroAce Payroll

Featured

Slideshows

The making of an MSSP: a blueprint for growth in NZ

The making of an MSSP: a blueprint for growth in NZ

Partners are actively building out security practices and services to match, yet remain challenged by a lack of guidance in the market. This exclusive Reseller News Roundtable - in association with Sophos - assessed the making of an MSSP, outlining the blueprint for growth and how partners can differentiate in New Zealand.

The making of an MSSP: a blueprint for growth in NZ
Reseller News Platinum Club celebrates leading partners in 2018

Reseller News Platinum Club celebrates leading partners in 2018

The leading players of the New Zealand channel came together to celebrate a year of achievement at the inaugural Reseller News Platinum Club lunch in Auckland. Following the Reseller News Innovation Awards, Platinum Club provides a platform to showcase the top performing partners and start-ups of the past 12 months, with more than ​​50 organisations in the spotlight.​​​

Reseller News Platinum Club celebrates leading partners in 2018
Meet the top performing HP partners in NZ

Meet the top performing HP partners in NZ

HP has honoured its leading partners in New Zealand during 2018, following 12 months of growth through the local channel. Unveiled during the fourth running of the ceremony in Auckland, the awards recognise and celebrate excellence, growth, consistency and engagement of standout Kiwi partners.

Meet the top performing HP partners in NZ
Show Comments