Displaying items by tag: Tim Reed

Thursday, 08 August 2019 09:57

Change at the top for MYOB

MYOB has chosen Greg Ellis to succeed Tim Reed as its CEO.

Published in People Moves
Monday, 08 October 2018 10:05

KKR makes $1.75b offer for MYOB

American equity firm Kohlberg Kravis Roberts has made an offer to buy the shares it does not already own in online business management solutions company MYOB at $3.70 per share, MYOB has said in an announcement to the ASX on Monday.

Published in Deals
Thursday, 31 May 2018 21:04

MYOB abandons Reckon acquisition deal

Accounting software company MYOB Group has abandoned plans to acquire competitor Reckon, citing concerns over uncertainty in its business from further potential delays in the regulatory process to approve the proposed deal.

Published in Accounting Software
Thursday, 28 September 2017 11:15

SMES want government cuts to red tape

Australian small- and medium-sized businesses have called for government to introduce more small business-friendly policies, including the reduction of red tape, simplification of reporting processes and further business tax cuts.

Published in Accounting Software

Amazon’s entry into the Australian market, mooted for sometime later this year, or next year, has Australia’s small business owners in a spin and nervous about the effect the ecommerce giant — or other overseas competitors — will have on their businesses.

Published in Strategy

Small and medium businesses say attracting new customers, as well as managing cashflows and late payments, are the greatest pressures they face this year. But, concerns about seeing technology as a painpoint have lessened among many.

Published in Accounting Software

Australia’s small business owners remain relatively optimistic about their businesses in the face of a slowdown in the economy and amid talk of a looming recession, according to a new survey that shows that many SMEs, led by start-ups, have increased revenues over the course of this year.

Published in Accounting Software

Australian small business owners are an entrepreneurial lot, with many choosing to operate more than one business at a time and working so hard they probably won’t take public holidays or even a Christmas break this year.

Published in Accounting Software

Australia’s small business owners are down on confidence when it comes to the economy, with sales for the next three months on a steady decline and widespread pessimism about the economy’s ability to rebound, according to cloud accounting software provider MYOB.

Published in Market

Cloud accounting software provider MYOB has welcomed changes to company tax rates in the Budget but says small business operators need the changes to be implemented now, not in 10 years’ time.

Published in Accounting Software

Cloud accounting software provider MYOB (ASX:MYO) has recorded a net profit of A$86 million for the 2015 financial year, an increase of 22% on 2014.

Published in Accounting Software

Being their own boss and controlling their destiny is the number one motivation for people starting a business, according to the latest survey of SMEs by accounting
software company MYOB.

Published in Accounting Software

In the wake of the Federal Government’s innovation call to arms to business and industry, a newly published survey suggests 2016 will be an interesting year as small businesses work to find a way to balance growth through innovation, while harbouring concerns about the strength of the economy in the year ahead.

Published in Accounting Software
Thursday, 27 August 2015 12:30

Cloud drives MYOB to record subscription uptake

Cloud accounting software provider MYOB (ASX:MYO) is heralding a record uptake of its cloud solutions by small businesses and strong growth in recurring revenues in the six months to the end of June, with the release of its first financials after starting life as a public company.

Published in Listed Tech

Accounting software provider MYOB has moved to strengthen its position in the New Zealand payroll solutions market with the acquisition of Kiwi company Ace Payroll Plus.

Published in Accounting Software
Tuesday, 31 March 2015 17:20

MYOB going public to raise up to $834m

Online accounting software company MYOB has at last confirmed what the market has been expecting for many months, announcing it will list on the Australian Stock Exchange with an IPO which it expects will raise between $831.7 and $833.8 million.

Published in Accounting Software

Accounting software company MYOB has stuck to its guns and maintained its market lead and growth strategies to post a 16% increase in revenues for last year despite increasing competition from a number of new and existing market players.

Published in Accounting Software
Friday, 12 December 2014 16:45

Xero defends its position on customer numbers

Accounting software company Xero has rebutted suggestions from competitor MYOB that non-paying customers are included in its roster of more than 400,000 customers.

Published in Accounting Software
Thursday, 11 December 2014 19:54

MYOB again questions rival Xero’s customer claims

The numbers game continues unabated in the hotly contested cloud accounting software market, with the two major players – MYOB and Xero – in a battle for market supremacy and a share of voice, in the ANZ regional market.

Published in Accounting Software

Close to two million new small businesses have opened up their doors in Australia over the past five years, despite little or no revenue growth in the SME sector and the challenges faced in the wake of the Global Financial Crisis.

Published in Cloud Accounting
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