TechnologyAccounting SoftwareMamut snaps up MYOB UK

Mamut snaps up MYOB UK

Mamut takes on 50,000 small business customers in MYOB acquisition

Norwegian business software provider Mamut has snapped up MYOB’s UK division
in a £1.7m deal.

Mamut, which has offered small business software in the UK market for several
years, takes on
MYOB’s
50,000 active customer base.

MYOB’s products will be supported by Mamut until at least 2009, and will be
encouraged onto Mamut’s offerings with free upgrades.

‘We will try to show them [MYOB cusomters] the value of our broader product
range,’ said Mamut CEO Eilert Hanoa.

‘The acquisition of MYOB Business Division is an important building block in
the UK launch of Mamut One, our software and services offering, that is
currently being introduced in markets across Europe,’ he added.

IT analyst and Accountancy Age blogger John Tate said that MYOB was too small
for Sage or Microsoft to be interested in purchasing, and the key for Mamut will
be for it to manage to migrate customers onto its product without losing them.

MYOB’s UK Accountants division
was
sold to Wolters Kluwer
, which will be integrated into its CCH
software division.

Further reading:

Acquisition duo provoke
uncertainty

CCH to leave MYOB intact

Related Articles

Accountancy in the digital age: Flexibility, agility, efficiency

Accounting Software Accountancy in the digital age: Flexibility, agility, efficiency

3w Pegasus Software | Sponsored
Sage purchases Intacct in its largest ever acquisition

Accounting Software Sage purchases Intacct in its largest ever acquisition

5m Alia Shoaib, Reporter
5 tips for SMEs to protect cash flow

Accounting Software 5 tips for SMEs to protect cash flow

5m Alia Shoaib, Reporter
UK behind foreign markets in digital accounting, but gap is narrowing

Accounting Software UK behind foreign markets in digital accounting, but gap is narrowing

7m Alia Shoaib, Reporter
The rise of the progressive accountant

Accounting Software The rise of the progressive accountant

8m Emma Smith, Managing Editor
Making Tax Digital: Revolution or revolt?

Accounting Software Making Tax Digital: Revolution or revolt?

8m Emma Smith, Managing Editor
Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

Accounting Software Making Tax Digital: Is HMRC’s recent system fault a cause for concern?

8m Emma Smith, Managing Editor
Four reasons why SME owners should switch to cloud accounting

Accounting Software Four reasons why SME owners should switch to cloud accounting

9m Emma Smith, Managing Editor