MYOB versus Xero
findthemoat Technology inflection points present incumbents with choices and insurgents with opportunities. In the world of SME accounting today, software is undeniably shifting from the desktop to the cloud. The primary…
Making sense of Xero’s valuation
Xero polarises public equity investors. A company with only $17m of hard tangible assets generating hefty quarter-on-quarter losses does not often appear on the ASX/NZSE with a $2bn valuation. However,…
The science behind MYOB achieving its prospectus forecast
MYOB released its maiden full year results yesterday and I thought I’d do a quick review to see how it differs or aligns with my analysis from 6 months ago:…
Adding up MYOB’s numbers (Part 2 of 2)
In this post, we’ll look at MYOB’s competitive landscape to ascertain what its future may look like. MYOB’s core SME offering Account Right Live is a hybrid “desktop + cloud”…
Adding up MYOB’s numbers (Part 1 of 2)
MYOB was taken private by Archer Capital and Harbourvest Partners for AUD$487m in October 2008. It was then on-sold to Bain Capital for AUD$1.2bn in August 2011 and re-listed on…