MYOB pays $28.5M for NZ-based Greentree enterprise business

Mon, 01 Aug 2016

By Paul McBeth Aug. 1 (BusinessDesk) - MYOB, the Australian payment software developer, has continued its run of acquisitions, buying New Zealand enterprise resource planning (ERP) software writer Greentree for $28.5 million. Sydney-based MYOB paid $25.1 million up-front and will pay the remainder in 2017 and 2018 on certain conditions being met, it said in a statement. The deal is being funded from MYOB's existing cash reserves. "We are delighted to announce the acquisition of Greentree, in line with our stated strategy of targeting...

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