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MYOB announces management buyout of US operations

MYOB today announced the sale of its US operations to Acclivity, an entity owned by certain members of the MYOB US management team. Acclivity will act as the exclusive US republisher for MYOB products and services as of December 5, 2005. “Acclivity is owned and managed by Tom Nash, former architect of MYOB US, Inc. product strategy, and Scott Davisson, former head of MYOB US Sales and Marketing. Under the republishing agreement, Acclivity (dba MYOB-US) will provide the same level of superior service and support that MYOB customers have come to expect, while aggressively seeking to grow its user base. MYOB Ltd. will continue to develop MYOB small business accounting and management software for the US market.”

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