Tag Archives: MYOB

01/02/2012 Posted in Business 3 Comments

Xero Raises Another Round and Acquires WorkFlowMax

By Ben Kepes

Exciting news today from Xero ahead of their user conference tomorrow that spans two important announcements. I’ll cover them individually. $20M Raised from Existing Shareholders Existing shareholders have reinvested to the aggregate tune of $20M. Sam Morgan, Sam Knowles, Craig Winkler and Peter Thiel’s fund Valar Ventures have all taken

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03/01/2012 Posted in Business 3 Comments

The Path to the Cloud is Paved…. With Jagged Rocks…

By Ben Kepes

It’s always interesting to watch companies looking to move from their “traditional” approach of software delivery to living in the cloud. One company I’ve had a first hand glimpse of making that shift is MYOB (see disclosure). In its home market of Australia and New Zealand, MYOB is facing a

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21/11/2011 Posted in Business 1 Comment

SaaS Accounting Roundup

By Ben Kepes

I’ve been travelling for the past couple of weeks and haven’t kept up to date with news from the SaaS accounting companies that I usually watch closely. Here’s a summary of stuff that’s happened of late. Quick general disclosure though, I have consulted to a number of the companies below

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04/11/2011 Posted in Business 2 Comments

Easing the On Ramp–Xero Makes a Logical Move, Three Years On

By Ben Kepes

Around three years ago, before some “heated” discussions made communication between us a little strained, I spent a fair amount of time talking with Xero CEO Rod Drury around the Cloud/SaaS market generally. Those conversations started well before the Xero IPO when he was still shopping little more than a

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22/08/2011 Posted in Business 8 Comments

On the Sale of MYOB Again. Bain’s Strategy–Acquisition of Australasian Cloud Players?

By Ben Kepes

I’ve been commenting over the past week or so about the long saga around the sale of Australasian accounting vendor MYOB. At the same time other vendors have taken the opportunity to suggest what they believe is happening – in part relating to the situation in terms of traditional private

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20/08/2011 Posted in Business 2 Comments

Private Equity Firm Bain Acquires MYOB–Looking for Increasing Value

By Ben Kepes

News just in that, despite UK accounting vendor Sage trying their hardest to purchase MYOB, another private equity firm has scooped the Australasian accounting vendor that has been on the market for a little while. Interestingly enough, the markets didn’t like Sage’s intentions and punished the share price resulting in

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19/08/2011 Posted in Business Leave a comment

LiquidAccounts and ClearBooks Update

By Ben Kepes

When talking about the SaaS accounting space in the UK, three companies get all the mentions – but beyond Xero, FreeAgent and KashFlow exists another couple of players that are working away at building viable businesses. It seems like time for an update on those two companies. First up, ClearBooks

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16/08/2011 Posted in Business 6 Comments

Sage bids for MYOB. An Uber Alliance in the Making?

By Ben Kepes

Breaking news just to hand that UK accounting vendor Sage is considering making a bid for Australasian vendor MYOB. Sage has long had a strategy of growth by acquisition and tends to let the acquired company continue to run independently – this has led to some confusion in the past.

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21/07/2011 Posted in Business 5 Comments

Xero Buys Paycycle and Clarifies US Market Entry

By Ben Kepes

At its AGM today, Xero announced a number of things, one of which was the acquisition of Australian payroll provider Paycycle in a deal worth $1.5M. When Xero launched they went on record as saying that payroll was outside of what they considered core functionality – this position was in

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04/07/2011 Posted in Business 6 Comments

Some Xero Analysis

By Ben Kepes

A month or so ago I was asked to provide some comment for the Natonal Business Review to go with Xero’s full year financial report. I was positive but with reservations and comments. In response to my comments, Xero CEO Rod Drury made some ad hominem comments about me and

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The Author

Ben Kepes is an analyst, an entrepreneur, a commentator and a business adviser. His business interests include a diverse range of industries from manufacturing to property to technology. As a technology commentator he has a broad presence both in the traditional media and extensively online. Ben covers the convergance of technology, mobile, ubiquity and agility, all enabled by the Cloud. His areas of interest extend to enterprise software, software integration, financial/accounting software, platforms and infrastructure as well as articulating technology simply for everyday users. More on Ben

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