Accounting software provider MYOB has launched a general release of its new Essentials Cashbook cloud solution after completion of a four-month pilot program with more than 200 accounting users.

Accounting software provider MYOB has acquired a four-year old start-up in a deal which further underpins its cloud services strategy and vision for encouraging accountants to move online and delivering them an ‘enhanced collaboration’ platform.

Online accounting software company Intuit, the maker of QuickBooks and a relative newcomer to the Australian market in its own right, is acquiring Australian start-up invicto and will integrate the young company’s cloud-based data extraction solution with its range of accounting offerings.