February
Fortitude Investment Partners in talks to buy SMSF auditing biz
The deal is at an enterprise valuation of $31.2 million or 9.3-times the last 12 months EBITDA – that’s half the multiple that KKR paid for MYOB, according to the pitch.
October 2024
How office workers are losing their social skills
Consultants say incidents of inappropriate workplace behaviour are becoming more common as increasing technology use erodes our people skills.
September 2024
The two trends making Gen Z tech grads less ‘job ready’
Employers remain satisfied with the quality of today’s graduates. But they believe two forces are working against them.
August 2024
Superhero swoops on MYOB’s Slate Super
The online share-trading platform is one step closer to its goal of becoming a superannuation platform of scale after nabbing the $502 million fund.
July 2024
The worrying signal small business is sending on the economy
If the sector is the canary in the coal mine, Australia’s economic growth is not looking good, according to a new economic indicator from accounting software giant MYOB.
June 2024
Why we need to get behind small business
The true backbone of Australia’s entrepreneurial spirit and innovation lies within its small business sector, not just the tech giants.
Aussie brothers’ AI firm worth $120m as big name backers invest
Melbourne-based Affinda has built AI-based software used by numerous big companies around the world, it has doubled its valuation in 18 months with well-known investors.
May 2024
S&P Global Ratings slaps down KKR-backed MYOB
S&P added that it could lower the ratings if the company is unable to make credible progress on extending its existing first-lien loans.
MYOB’s Slate Super sale in the offing
Street Talk understands the Flare HR-controlled fund, which put its exit plans into gear in 2022, has turned the process over to the trustee.
KKR’s MYOB refinancing drags while bolt-on payday looms
The private equity giant is still to pin down a price and structure to its liking, leading to questions on whether it would press ahead or park the big-ticket refinancing.
March 2024
Former stockbroker, Afterpay alumni raise $16m for fintech start-up
Former Wilsons stockbroker and Australian national swimmer Luke Trickett has raised $16 million for his invoice payments start-up Marmalade.
NAB chases MYOB and Xero with new Bookkeeper software
It is the bank’s first foray into the accounting tools market dominated by the two Australian companies, with its new product aimed at sole trader customers.
February 2024
‘Deadset nightmare’: Why small business failures are soaring
MYOB CEO Paul Robson fears small businesses may not enjoy the soft landing tipped for the rest of the economy.
July 2023
MYOB’s PayGlobal in crosshairs of offshore suitors
Prospective buyers were told the business made about $30 million revenue and $15 million at the cash earnings line.
May 2023
Cannon Brookes, Quinbrook to take control of massive Sun Cable project
The company’s other major investor, Andrew Forrest, said he remained unconvinced of the commercial viability of plans to export power to Singapore.
Tight employment market puts heat on small business
Small business will be included in electricity bill relief measures announced in Tuesday’s federal budget, Treasurer Jim Chalmers confirmed.
March 2023
How Xero’s start-up buyout went from $31m to zero within three years
Xero’s total write-down in the value of its recent acquisition of Waddle, shocked some – not least Commonwealth Bank – but a buyer could still be found.
MYOB allegedly manipulating users into joining its sub-par super fund
The government is already reviewing how companies could be circumventing laws on stapling workers to single super funds.
February 2023
Inside Bill Gates’ $200 billion private dinner
The Microsoft founder secretly met with Australia’s richest tech billionaires to discuss how to give away their money.
January 2023
‘There will be pullback’: hospitality, retail lead SME recession fears
More than half of small and medium business expect a recession this year, though Generation Z – those aged 18 to 24 – are most optimistic.