Wednesday, 30 September 2015 12:16

MYOB boosts NZ market investment with new acquisition

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Cloud accounting software provider MYOB has paid NZ$9.7 million to buy New Zealand payroll solutions company Information Management Services Limited (IMS).

MYOB says the purchase of IMS, a company based in the Hawkes Bay in New Zealand’s north island, represents a further strengthening of its position in the Kiwi payroll market.

“IMS is the third New Zealand payroll solutions company acquired by MYOB recently, following the successful acquisition and integration of PayGlobal in August 2014, and Ace Payroll in May 2015,” says MYOB SME Solutions General Manager James Scollay.

“In addition, we are investing substantially in developing the next generation of online payroll solutions.”

According to Scollay, over 30% of the New Zealand workforce is paid using MYOB software and he says the company is committed to providing “easy online payroll solutions for all employers – whether they have just one employee or employ over 500 staff.”  

MYOB Chief Financial Officer Richard Moore says the IMS acquisition will help drive the company’s growth strategies, as outlined in its recent first half results announcement.

“We are pleased to announce the acquisition of IMS, which is in line with our strategy of targeting value-add acquisitions which enhance MYOB’s core business.

“IMS is a leading provider of payroll solutions to over 10,000 small and medium businesses in New Zealand. This acquisition will help deepen our relationship with New Zealand clients as we continue to roll out MYOB’s next generation of cloud accounting and payroll solutions.”


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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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