MYOB
Date | Investors | Amount | Round |
---|---|---|---|
N/A | Buyout | ||
N/A | N/A | IPO | |
N/A | Grant | ||
AUD355m | Post IPO Equity | ||
AUD2.0b Valuation: AUD2.0b | Buyout | ||
* | N/A | AUD200m | Debt |
Total Funding | - |
Recent News about MYOB
EditMYOB (Mind Your Own Business) is a leading provider of business management solutions tailored for small to medium-sized enterprises (SMEs). Operating primarily in Australia and New Zealand, MYOB offers a suite of products that streamline accounting, payroll, and job management processes. The company's core offerings include MYOB Business, MYOB EXO, and MYOB Advanced, each designed to cater to different business needs and sizes.
MYOB's business model revolves around a subscription-based service, where clients pay a recurring fee to access their software solutions. This model ensures a steady revenue stream and allows for continuous updates and support. The company also provides an extensive API (Application Programming Interface) that enables developers to integrate MYOB's functionalities into other applications, enhancing the overall user experience.
MYOB serves a diverse range of clients, from small businesses needing basic accounting software to larger enterprises requiring comprehensive ERP (Enterprise Resource Planning) systems. The market it operates in is highly competitive, with major players like Xero and QuickBooks, but MYOB differentiates itself through its robust feature set and strong local presence.
In addition to software sales, MYOB generates revenue through professional services, including training, consulting, and support. This multi-faceted approach not only helps in customer retention but also adds value to their core offerings.
Keywords: Business management, accounting software, payroll, job management, SMEs, subscription service, API integration, ERP systems, professional services, Australia and New Zealand.