Wolters Kluwer has pledged to run MYOB’s accountancy software arm, as it is after the media group bought the niche software provider.

Wolters Kluwer announced it had paid £35.5m for MYOB’s accounting business in the UK and Ireland this week.

Martin Casimir, managing director of CCH said that, as yet, there are ‘no immediate plans for integration between the two companies’. Simon Crompton, managing director of MYOB, added that there were no plans to relocate and that there would be ‘no change’ for current MYOB clients.

The move will more than double Wolters Kluwer’s accounting software division. Casimir said that both vendors ‘worked at the top end of the market’ and would ‘compliment each other perfectly’.