MYOB snaffles BankLink in $136 million private equity deal

Tue, 14 May 2013

By Pattrick Smellie May 14 (BusinessDesk) - Australian accounting software market leader MYOB is paying $136 million to buy BankLink, a New Zealand accounting platform it has used for years to supply secure bank feeds of a higher quality than it claims competitor software platforms offer. The move comes as the Australian accounting software market gears up for a tussle with American and British newcomers, posing competitive threats that will also have an impact on NZX-listed Xero, whose SME accounting platform is seeing strong uptake but is...

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