This Month
Elmo Software’s owners shelve sale as Bain Capital walks
Sources said Bain Capital, which was among the parties weighing a first-round bid, had baulked at K1’s sky-high price expectations for Elmo Software.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September 2024
Bain Capital preps first-round bid for K1’s Elmo Software
Street Talk understands sell-side adviser UBS is calling for first-round bids by early October.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Grumpy about Accel-KKR’s bid, LiveHire investor courts rival bidders
Unhappy with Accel-KKR’s bid for LiveHire, M&A arbitrage fund Harvest Lane is shopping 18.31 per cent stake in the HR software business to rival bidders.
- Sarah Thompson, Kanika Sood and Emma Rapaport
July 2024
Elmo’s US owner tests buyer appetite, two years on from $486m buy
K1 picked up ELMO at a time when interest rate hikes had punched the oxygen out of valuations for ASX-listed names.
- Sarah Thompson, Kanika Sood and Emma Rapaport
December 2022
- Exclusive
- Funding
‘Relief that stupidity is over’: US VCs flee Aussie tech market
After a flurry of big money deal making in 2021 and early 2022, new data shows US venture capitalists have retreated from the Australian market.
- Tess Bennett
October 2022
ELMO backs K1 takeover offer, co-founder to cash out $16m
ELMO Software’s co-founder, chief executive and major shareholder Danny Lessem is set to cash out nearly $16 million in the $486 million takeover deal offered by US-based K1 Investment Management.
- Jessica Sier
- Opinion
- Funding
Private equity ready to pounce on battered ASX tech stocks
The ASX faces a challenge in its positioning as a home for growing tech companies, as private equity lines up to pick off companies smashed down by local investors.
- Updated
- Adir Shiffman
Three in the mix at Elmo Software
There’s plenty of moving parts at subscription human resources and payroll software provider Elmo Software.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
ELMO stock surges 30pc on takeover talk confirmation
ELMO Software shares roared higher on Thursday, after the human resourcing tech company confirmed private equity giant Accel-KKR is among a handful of suitors vying to buy the business.
- Jessica Sier
Accel-KKR, others back for a fresh look at Elmo Software
Human resources software company Elmo Software is confidentially taking a handful of potential suitors through due diligence, including technology-focused American private equity firm Accel-KKR.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
August 2022
Elmo Software rides remote working wave, earnings soar
Revenue and earnings have surged as companies of all sizes rush to install technology to help manage mobile, geographically dispersed workforces.
- Jessica Sier
June 2022
Elmo Software goes a few rounds with PE suitor, talks end
Human resources, payroll and expense management software group Elmo Software has had a whirlwind courtship with a big name private equity suitor.
- Anthony Macdonald, Sarah Thompson and Kanika Sood
April 2022
Xero, Elmo lead tech stocks set to benefit from budget
A new tailwind is set to support a small group of ASX-listed technology stocks.
- Yolanda Redrup
February 2022
All the profit results for February 15, 2022
Results briefing | News and analysis on today’s profit results from BHP, Atomos, Ansell, Cardinale, Dexus, Elmo Software, GWA, Lifestyle Communities, Money3, Reckon, Seven West, Seek, Sims and Tassal. Find updated reports and analysis here.
- Andrew Hobbs
Pandemic turns ‘six years growth into two’ for ELMO Software
The surge in the number of businesses grappling with remote working and moving to cloud-based systems have helped turbocharge recurring revenue at ELMO Software.
- Jessica Sier
August 2021
ELMO Software reports revenue lift but pandemic-related churn
ELMO Software is riding the move towards cloud adoption, but the HR tech company is seeing smaller customers churn as lockdowns persist.
- Jessica Sier
June 2021
Morningstar data breach reveals KPMG deal maker lists
An alert system flaw for ASX-listed companies meant third parties could view project names KPMG had assigned, such as ‘Project Africa Comps’ for debt collectors.
- Liam Walsh and Edmund Tadros
March 2021
Buy, hold, sell: Elmo Software, Autosports Group, Aussie Broadband, Pentanet
Livewire Markets distinguishes the micro cap darlings from the duds.
January 2021
Tech stocks to oscillate as smaller names play catch-up
This year is shaping up to be another big one for the local tech sector, but the prices of the biggest stocks are tipped to swing.
- Yolanda Redrup
How a single day reset ELMO CEO Danny Lessem's life
ELMO Software CEO Danny Lessem did not grow up with technology, but as soon as he was introduced to the internet, his future was set in stone.
- Updated
- Yolanda Redrup