MYOB

About

MYOB is a business management solutions provider offering software products and services for small and medium-sized businesses.

Glen Waverley,Victoria,Australia
1001 - 5000
http://myob.com.au

Highlights

Details

Last Funding Type: Post-IPO Equity
Last Funding Money Raised: $355M
Industries: Accounting,CRM,Human Resources,Software,Training
Founded date: Jan 1, 1991
Number Of Employee: 1001 - 5000
Operating Status: Active
Stock Symbol: asx:MYO
Legal Name: MYOB Technology Pty Ltd.

MYOB is an provider of accounting software solutions that help business owners and accountants. MYOB develops and delivers software, services and support for more than 1,000,000 businesses and accounting practices in Asia-Pacific region.

MYOB works with a network of Professional Partners to assist these owner-operated businesses. The range of products and services include back office accounting, CRM, web site builder, domain name and hosting, and training.

MYOB also works directly with accounting practices to streamline their processes and maximise their productivity. MYOB solutions are used by leading accounting practices from tax agents and sole practitioners to the Big 4 firms.

Whether online or desktop solutions, from the start-up small business to the fast growing enterprise, for businesses working locally, or international organisations dealing in many countries and currencies,

MYOB is constantly working to deliver efficient, reliable and cost-effective ways to make business life easier

Funding Rounds

Number of Funding Rounds

Total Funding Amount

2

$1.18B

MYOB has raised a total of $1.18B in funding over 2 rounds. Their latest funding was raised on Feb 24, 2017 from a Post-IPO Equity round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Feb 24, 2017	Post-IPO Equity	$355M	1	Goldman Sachs	—	Detail
May 15, 2015	IPO	$833.10M	—	—	—	Detail

Investments

Number of Investments

Number of Lead Investments

4

3

MYOB has made 4 investments. Their most recent investment was on Jul 6, 2021, when Butn raised $20M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Jul 6, 2021 Butn	Corporate Round	$20M	Finance	Yes
Nov 2, 2020 Flare	Series C	$22M	Employee Benefits	Yes
Mar 26, 2019 One Roof Women	Series Unknown	$1M	Commercial Real Estate	—
Oct 21, 2014 Acumatica	Series Unknown	$13.30M	Cloud Computing	Yes

Investors

Number of Lead Investors

Number of Investors

1

MYOB is funded by 1 investors. Goldman Sachs are the most recent investors.

Investor Name	Lead Investor	Funding Round
Goldman Sachs	Yes	Post-IPO Equity

Employee Profiles

Number of Employee Profiles

10

MYOB has 10 current employee profiles, including Board member Serge Walid Sarkis

Board member

Board member

Employee

Executive

Board member

Exits

MYOB has had 3 exits. MYOB most notable exits include Flare , Butn

Date	Company Name	Exit Type	Industry
Sep 13, 2022	Flare	M&A	Employee Benefits	Detail
Jul 6, 2021	Butn	IPO	Finance	Detail
Jun 19, 2019	Acumatica	M&A	Cloud Computing	Detail

Acquisition

MYOB has acquired 12 organizations. Their most recent acquisition was BankLink on May 14, 2013. They acquired BankLink for 0.

Date Company Name	Industry	Acquisition Type	Price
May 14, 2013 BankLink	Accounting	—	—	Detail
May 28, 2015 Ace Payroll	Information Technology	acquisition	$ 14M	Detail
Sep 30, 2015 Information Management Services Ltd.	Human Resources	acquisition	—	Detail
Aug 1, 2016 Greentree	Asset Management	acquisition	$ 28.50M	Detail
Feb 22, 2017 Paycorp	Payments	acquisition	$ 48M	Detail