BAIN CAPITAL has outbid IT giant Sage in the race to gain control over Australian finance software provider MYOB (Mind Your Own Business).
One reason for Sage‘s failed takeover attempt is the likelihood that a shareholder vote would have been needed to complete the acquisition, reports have speculated.
The Australian business is being sold by private equity firms Archer Capital and HarbourVest Partners, which bought it for around Aus$450m (£287m).
The UK arm of MYOB was acquired by publishing and software company Wolters Kluwer at the end of 2007, with all branding phased out by the end of 2008.
A new head of solutions, Aidan Brennan, has been appointed at KPMG UK
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Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin