MYOB has taken a strategic stake in Kounta , which makes cash register software, as the accounting software maker ramps up efforts to corner the small business payments market ahead of the big banks and US venture Square.
Details of the multimillion dollar deal were not disclosed by either company, but it is understood MYOB took a minority stake in Kounta and will work to develop a co-branded product that integrates Kounta’s point-of-sale software with MYOB’s accounting ledger.
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James Hutchinson writes on Technology specialising in Technology Companies, Enterprise IT, Telecommunications. Based in our Sydney newsroom, James has over 5 years experience as a journalist. Connect with James on Twitter.
