MYOB

Cremorne, Australia Founded: 1991 • Age: 35 yrs Acquired By KKR
Cloud-based accounting and ERP software is provided for businesses.
Annual revenue $318.2M Latest available
Total funding - 2 rounds
Employees - Tracked headcount
Investors 4 Known backers
Products 4 Services tracked
Competitors 11 Brand Intelligence

About MYOB

MYOB is a company based in Cremorne (Australia) founded in 1991 by Craig Winkler was acquired by KKR in April 2019. It operates as a SaaS (Software-as-a-Service) and Subscription Services. MYOB has completed 18 acquisitions, including Ace Payroll Services, Addax Business Solutions and AxSys. MYOB offers products and services including Solo by MYOB, MYOB Business Lite, MYOB Business Pro, and MYOB Acumatica. MYOB operates in a competitive market with competitors including Intuit, Visma, Acumatica, Sage Group and Xero, among others.

  • Headquarter Cremorne, Australia
  • Founders Craig Winkler
  • Stage Public
  • Sectors
    Technology
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Myob Australia Pty Ltd
Operational Areas
Technology → Enterprise Software & Productivity Solutions Unlock Sub-Sector Unlock Segment
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $318.16 M (USD)
    9
    as on Dec 31, 2022
  • Net Profit
    -$13.22 M (USD)
    -42
    as on Dec 31, 2022
  • EBITDA
    -$29.08 M (USD)
    -5
    as on Dec 31, 2022
  • Latest Funding Round
    $155 M (USD), Debt – Conventional

    Dec 20, 2012

  • Investors
    KKR

    & 3 more

  • Employee Count
    Not available
  • Investments & Acquisitions
  • Acquired by
    KKR

    & 2 more

    (Apr 17, 2019)

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Products & Services of MYOB

MYOB offers a comprehensive portfolio of products and services, including Solo by MYOB, MYOB Business Lite, MYOB Business Pro, and MYOB Acumatica.

Product name locked
Category locked
Primary

All-in-one app for sole traders' admin tasks.

Product name locked
Category locked
Locked

Software for small businesses with basic needs.

Product name locked
Category locked
Locked

Solution for small to medium business management.

Product name locked
Category locked
Locked

ERP system for complex business process management.

People of MYOB

Headcount 1000-5000
Employee Profiles 276
Employee Profiles
People
Sussan Lee
Program Manager
People
Shaufi Azmi
Commercial Finance Analyst
People
Paul Robson
CEO
People
Dean Chadwick
Chief Customer Officer

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Funding Insights of MYOB

Investors in MYOB

MYOB has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include KKR, HarbourVest Partners and Bain Capital Private Equity.

All
Venture Fund
Investor Description Founded Year Domain Location
Private investment firm managing assets and expanding into equity, credit, and real estate services.
Locked Locked Locked
Private market investment solutions are offered to institutional clients.
Locked Locked Locked
Multiple sectors are invested in by this private equity firm.
Locked Locked Locked
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Investor details for MYOB

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by MYOB

MYOB has strategically engaged in corporate development activities, having acquired 18 companies. Notable acquisitions include Ace Payroll Services, Addax Business Solutions and AxSys.

Investments
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Investment portfolio details for MYOB

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

  • Portfolio identities
  • Transaction dates
  • Round details
  • Investment values

Verified entity values are shown only after access is granted.

Acquisitions
Company Name Description Domain Location Founded Year Amount
Cloud-based HRMS suite is provided for human resources management.
Locked Locked 2015 Locked
Cloud-based human resource management software is provided for enterprises.
Locked Locked 2015 Locked
Cloud-based HRMS suite solutions are provided for workforce management.
Locked Locked 2012 Locked
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Complete acquisition details for MYOB

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  • Transaction dates
  • Acquired stakes
  • Disclosed values
  • Domains and locations

Verified entity values are shown only after access is granted.

Financial Statements - MYOB

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Detailed financials for MYOB

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  • Historical revenue
  • Profit trends
  • Statement rows
  • Financial ratios

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Myob Comparisons

MYOB Primary company
Description
Cloud-based accounting and ERP software is provided for busi...
Location
Cremorne, Australia
Founded Year
1991
Annual Revenue
$318.16 M (USD)
Net Profit
-$13.22 M (USD)
EBITDA
-$29.08 M (USD)
Employees
Not available
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Peer comparison for MYOB

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

  • Named peers
  • Headcount comparison
  • Funding comparison
  • Operating benchmarks

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Competitors of MYOB

MYOB operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Intuit, Visma, Acumatica, Sage Group and Xero, among others.

Company Name Domain Founded year HQ Location Description
Locked Locked Locked
Financial and accounting software is developed for businesses and individuals.
Locked Locked Locked
Cloud-based ERP software is provided for business management across segments.
Locked Locked Locked
Cloud-based ERP software is offered for small and medium enterprises.
Locked Locked Locked
Cloud-based accounting and payroll solutions for small and medium businesses
Locked Locked Locked
Cloud-based accounting and payment management is offered for small businesses.
Locked Locked Locked
Cloud-based ERP software is offered for multiple industries.
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Detailed competitors of MYOB

Competitor domains, locations, full profiles, and operating metrics require an active premium plan.

  • Domains and locations
  • Full company profiles
  • Operating metrics
  • Competitive positioning

Verified entity values are shown only after access is granted.

Latest news on Myob

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Complete news archive for MYOB

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about MYOB

MYOB was founded in 1991 and raised its 1st funding round 20 years after it was founded.

MYOB is headquartered in Cremorne, Australia. It is registered at Cremorne, New South Wales, Australia.

Greg Ellis is the current CEO of MYOB.

Annual revenue of MYOB is $318.16M as on Dec 31, 2022.

Business software solutions are offered by MYOB to sole traders, small, medium, and large businesses, as well as accountants and bookkeepers. Operations are supported across sectors like manufacturing, construction, field services, distribution, and non-profits. Comprehensive tools for invoicing, accounting, payroll, inventory management, and ERP systems are delivered. Financial reporting, cash flow management, and job tracking are facilitated to enhance business efficiency. Scalable solutions are provided to help businesses grow and manage complexity with ease.

MYOB's top competitors include Intuit, The Access Group and Visma.

MYOB offers Solo by MYOB, MYOB Business Lite, MYOB Business Pro, and MYOB Acumatica.

MYOB has made 18 acquisitions, including Ace Payroll Services, Addax Business Solutions, and AxSys.

MYOB has 4 investors. Key investors include KKR, HarbourVest Partners, Bain Capital Private Equity, and Archer Capital.

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