Leading provider of online business management solutions, MYOB Group Limited (ASX: MYO) today announced the acquisition of Greentree for a total consideration of NZ$28.5 million.

Headquartered in Auckland, Greentree delivers leading enterprise resource planning (ERP) software to over 850 larger businesses across Australia, New Zealand, UK and US. With over 25 years’ experience, Greentree distributes via a partner channel into the enterprise market, comprising companies with approximately 100 – 1,000 employees. Its product suite has broad, on-premise ERP functionality and licensing is primarily perpetual with annual maintenance.

MYOB helps businesses succeed by providing online business management solutions for its 1.2 million clients across Australia and New Zealand (ANZ). The company’s Enterprise Solutions division is a leader in the ANZ enterprise market, delivering ERP and HRM (human resource management) software to over 7,000 clients with approximately 20 - 500 employees.

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