Accounting systems vendor MYOB has exited it loss-making US operations via a management buy-out.
The new owners will take over distribution, sales and marketing responsibilities for the North American market. The management buy-out (MBO) is expected to complete on
Local management put the decision to sell the
“MYOB has a long history in the
“We firmly believe that this structure delivers the best result for MYOB’s customers, employees and shareholders. And, importantly, our
The sale has been structured to maintain a relationship between MYOB and the MBO team with the business becoming the exclusive distributor for MYOB products in the