The MYOB Group has filed for an initial public offering in Australia. The offering is expected to raise proceeds ranging from about $632 million to about $633 million and will return the company to the public market after six years in private hands. MYOB is owned by Bain Capital, which will not sell shares and which will hold about 57 percent of the shares after the offering. The name MYOB goes back to the Mind Your Own Business, software that originated in Rockaway, N.J.
Revenue for SilverSun Technologies, parent of reseller SWK Technologies, hit $21.5 million for the year ended December 31. That was up 23.4 percent from $17.4 million in 2013. Net income dropped to $192,901, a decrease of 40.2 percent from $322,548 the prior year. But to give the company credit, much of that reflected growth. General and administrative expenses reached $1.4 million for the most recently ended year, an increase of 46.2 percent from $4.3 million.
Unit4, which markets the newly rebranded Coda and Agresso lines, has named Scott Kamieneski as managing director for North America. The Netherlands-based company said the hiring is part of its plan to expand in North America. Last week, the company renamed Coda as Unit4 Financials and Agresso as Unit4 Business World and based new features on a newly announced Unit4 People Platform. And that follows a February announcement that it is considering a move from direct sales only on this continent to also utilizing a channel.
Without going back to 2014 exhibitor list, it still seems safe to say that the floor of the Atlanta Microsoft Convergence show this month had more resellers than ever as exhibitors. There also seemed to be a bumper crop of international resellers. Asking that question of everyone I ran into brought general agreement on that point. Of course, getting around seemed tough because the floor layout was like Manhattan Streets below Canal Street—there were diagonal aisles between exhibits that abutted vertical aisles.