WELLINGTON: MYOB has once again strengthened its commitment to the New Zealand payroll market by acquiring Information Management Services Limited (IMS), which is based in the Hawkes Bay in the North Island, for a purchase price of NZ$9.7million, the company …MYOB boosts investment in NZ market with latest acquisition
MYOB has once again strengthened its commitment to the New Zealand payroll market by acquiring Information Management Services Limited (IMS), which is based in the Hawkes Bay in the North Island, for a purchase price of NZ$9.7million, the company announced today.
“IMS is the third New Zealand payroll solutions company acquired by MYOB recently, following the successful acquisition and integration of PayGlobal in August 2014, and Ace Payroll in May 2015,” says MYOB SME Solutions General Manager James Scollay. “In addition, we are investing substantially in developing the next generation of online payroll solutions.”
“We estimate over 30 per cent of the New Zealand workforce is paid using MYOB software and we’re committed to providing easy online payroll solutions for all employers – whether they have just one employee or employ over 500 staff,” says Mr Scollay.
MYOB Chief Financial Officer Richard Moore says the IMS acquisition will help drive the company’s growth strategies, as outlined in its recent 1H results announcement.
“We are pleased to announce the acquisition of IMS, which is in line with our strategy of targeting value-add acquisitions which enhance MYOB’s core business,” Mr Moore says.
“IMS is a leading provider of payroll solutions to over 10,000 small and medium businesses in New Zealand. This acquisition will help deepen our relationship with New Zealand clients as we continue to roll out MYOB’s next generation of cloud accounting and payroll solutions.”
