Solution 6 acquired by MYOB
Australian-listed software company MYOB has snapped up accounting software provider Solution 6.
Only two Solution 6 non-executive directors will join MYOB’s board following the merger, which will be headed by MYOB CEO Craig Winkler.
Solution 6 chief executive officer Neil Gamble will stay with the merged entity for a three-month transition period.
The transaction is subject to regulatory and shareholder approval, but should be finalised within the ‘next few months’.
Simon Crompton, general manager of Solution 6 UK, commented, ‘By combining Solution 6’s strengths in serving accounting firms with MYOB’s strengths in the small business accounting market, the merged organisation will more effectively help accountants and business owners to work together for mutual benefit.’