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
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Myob Australia Pty Ltd
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Annual Revenue
$318.16 M (USD)9as on Dec 31, 2022
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Net Profit
$-13.22 M (USD)-42as on Dec 31, 2022
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EBITDA
$-29.08 M (USD)-5as on Dec 31, 2022
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Latest Funding Round
$155 M (USD), Debt – Conventional
Dec 20, 2012
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Investors
KKR
& 3 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ace Payroll Services
& 17 more
- Acquired by
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
All-in-one app for sole traders' admin tasks.
Software for small businesses with basic needs.
Solution for small to medium business management.
ERP system for complex business process management.
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Software Development Team
92 people
Senior Team
25 people
Operations Team
15 people
Data Analysis and Operations Team
13 people
Finance and Accounting
12 people
Product Management Team
10 people
Customer Team
10 people
Human Resources and Administration
8 people
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Funding Insights of MYOB
- Total Funding Total Funding
- Total Rounds 2
- Last Round Debt – Conventional — $155.0M
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2012 | Amount | Debt – Conventional - MYOB | Valuation |
investors |
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| Jun, 2011 | Amount | Private Equity Round - MYOB | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private investment firm managing assets and expanding into equity, credit, and real estate services.
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Founded Year | Domain | Location | |
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Private market investment solutions are offered to institutional clients.
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
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. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Cloud-based HRMS suite is provided for human resources management.
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2015 | ||||
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Cloud-based human resource management software is provided for enterprises.
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2015 | ||||
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Cloud-based HRMS suite solutions are provided for workforce management.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - MYOB
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Myob Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Financial and accounting software is developed for businesses and individuals.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is offered for small and medium enterprises.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based accounting and payment management is offered for small businesses.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is offered for multiple industries.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Myob
Frequently Asked Questions about MYOB
When was MYOB founded?
MYOB was founded in 1991 and raised its 1st funding round 20 years after it was founded.
Where is MYOB located?
MYOB is headquartered in Cremorne, Australia. It is registered at Cremorne, New South Wales, Australia.
Who is the current CEO of MYOB?
Greg Ellis is the current CEO of MYOB.
What is the annual revenue of MYOB?
Annual revenue of MYOB is $318.16M as on Dec 31, 2022.
What does MYOB do?
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.
Who are the top competitors of MYOB?
MYOB's top competitors include Intuit, The Access Group and Visma.
What products or services does MYOB offer?
MYOB offers Solo by MYOB, MYOB Business Lite, MYOB Business Pro, and MYOB Acumatica.
How many acquisitions has MYOB made?
MYOB has made 18 acquisitions, including Ace Payroll Services, Addax Business Solutions, and AxSys.
Who are MYOB's investors?
MYOB has 4 investors. Key investors include KKR, HarbourVest Partners, Bain Capital Private Equity, and Archer Capital.
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