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Management buyout of US MYOB operations

MYOB today announced the sale of its US operations to Acclivity LLC, an entity owned by previous members of the MYOB US management team.

Under the agreement, Acclivity will act as the exclusive US republisher for MYOB products and services as of December 5, 2005.
Acclivity will “provide the same level of superior service and support that MYOB customers have come to expect, while aggressively seeking to grow its user base.”

MYOB Ltd. will continue to develop its small business accounting and management software for the US market, following the recent introduction of AccountEdge 2006. Acclivity says it anticipates expanding its existing products and services portfolio through development efforts and strategic partnerships, and will “actively listen to its customers for confirmation that its direction remains in alignment with the pivotal needs of small businesses.”

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