Australian human resources software unicorn Employment Hero paid $43.4 million to acquire a professional services company owned by its co-founder Ben Thompson earlier this year, a new regulatory filing has revealed.
Annual accounts filed with the corporate regulator show Employment Innovations, a professional services firm owned by Mr Thompson, and acquired by Employment Hero in April, lost almost $1 million after tax in the past financial year.
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Tess Bennett is a technology reporter with The Australian Financial Review, based in the Brisbane newsroom. She was previously the work & careers reporter. Connect with Tess on Twitter. Email Tess at tess.bennett@afr.com
