MYOB Invests in Acumatica
Australia’s leading business solutions provider, MYOB, today announced a minority investment position in Washington-based Acumatica, the powerhouse provider of cloud-based enterprise resource planning (ERP) and financial software with over 1, 000 installations of cloud ERP. The investment will also see MYOB take a seat on the company’s board.
The announcement follows a recent multi-million dollar agreement which allows MYOB to develop a localised cloud based ERP solution. The move reinforces MYOB’s commitment to building its cloud capability for mid-range, mid-market enterprises, further extending the company’s offering in this segment and beyond its already strong SME base.