On 21 August 2011, Archer Capital sold MYOB to Bain Capital for an undisclosed amount. In January 2009, a private equity consortium led by Archer Capital completed a takeover bid for MYOB, returning MYOB to private ownership. Acclivity now drives global development of MYOB's Mac OS business management products – AccountEdge Basic, AccountEdge Pro and AccountEdge Pro Network Edition. and its Macintosh (and PC) development team from MYOB Limited of Australia. On 6 December 2008, Acclivity announced it acquired MYOB US Inc. Though the company was founded in the United States, it ceased operations outside of Australia and New Zealand in 2008.Ĭo-founder Brad Shofer left the company in 2003. In subsequent corporate development, MYOB Limited merged with Solution 6 Holdings in 2004. In 1999, Data-Tech changed its name to MYOB Limited and listed on the Australian Stock Exchange (ASX) on 9 July. Data-Tech Software was the Australian republisher of the MYOB products and, in 1997 entered into an agreement with Best Software to buy the company (renamed MYOB Inc.) and bought the intellectual property rights to the software. Teleware was purchased by Best Software (now part of Sage) in 1993. MYOB was founded in the early 1980s by a team of developers at Teleware, who developed accounting software.
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