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.
Online accounting software provider MYOB continues to ramp up its cloud strategy, today releasing two new cloud solutions which it says make it easier for accountants to work closer with clients and manage their businesses with great mobility.
“We have really crossed the chasm from the desktop to the cloud. The transformation and move to the cloud is complete.” So said Tim Reed, CEO of online accounting software provider MYOB today when announcing a double-digit revenue increase for the 2013 business year to $247 million on the back of a rapid take-up of cloud services.
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