MYOB keeps head in the cloud with acquisition of Nimbus

25.2.2022

IFL Ventures would like to congratulate the shareholders of Nimbus Portal Solutions, an Australian-owned cloud document management solution provider, on its successful sale to MYOB, the Australia based software company engaged with developing accounting and business management software.

Nimbus offers an integrated secure client portal, a range of customised workflows and collaboration tools allowing accounting practices to manage their documentation with ease. The owners of Nimbus were seeking a partner to significantly accelerate delivery of their next generation product and feature enhancements.

Nimbus engaged IFL Ventures to assist in the commercial negotiations with MYOB. IFL Ventures helped the shareholders to negotiate a valuation and deal structure that aligned to their goals.

“Graeme’s experience and negotiating skills really shone in helping to improve the deal for us”, says John Woodbridge, CEO and Founder of Nimbus.

MYOB has been actively evolving its Practice Solutions over the past 18 months, with a strong focus on SaaS capabilities designed to drive connectivity, efficiency and security for accountants and their clients. MYOB considers the investment a move to accelerate the delivery of a cloud solution that has widespread customer demand and appeal.

The investment provides Nimbus with the opportunity to bring forward their delivery roadmap, bringing both integration enhancements and feature upgrades to market on a fast-tracked timeline. For MYOB, this also means positive enhancements for customers using MYOB for document management, including improvements to document versioning, archiving, workflows and online checklists.

IFL Ventures acted as the exclusive advisor to the owners of Nimbus throughout the sale process.

09.8.2022

Poolwerx partners with Norwest to Drive Growth

InterFinancial would like to congratulate the shareholders of Poolwerx on its successful partnership with Norwest to embark on an ambitious growth path.  With over 25 years experience, Poolwerx is the largest pool retail and service business in Australia and New Zealand. With over 350 franchise partners, 170 stores and more than 600 service vans globally, Poolwerx […]

Read more
28.7.2022

Sector Dashboards July 2022

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
21.7.2022

InterFinancial’s EOFY in Review

15 Transactions 12 Strategic Transactions 3 PE Investments Looking back on FY22, InterFinancial and IFL Ventures would like to congratulate each of our valued clients on the successful completion of their transactions. The period was a record for InterFinancial where we successfully completed 15 transactions involving both strategic investors and private equity investors. Our team […]

Read more
22.6.2022

Sector Dashboards June 2022

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
26.5.2022

Sector Dashboards May 2022

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
26.4.2022

Sector Dashboards April 2022

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
26.4.2022

Atturra Off to a Flying Start with Acquisition of Kettering

IFL Ventures congratulates Kettering Professional Services, the Brisbane-based manufacturing-focused ERP consulting firm, on its successful sale to Atturra Limited, an Australian-owned ASX-listed technology services company. The acquisition is Atturra’s first since going public on the Australian Stock Exchange in December 2021 and marks a key moment in their growth strategy. Kettering, the sole Australian channel […]

Read more
24.3.2022

Sector Dashboards March 2022

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more
23.3.2022

Telstra Purple seeks an industrial automation alliance

InterFinancial would like to congratulate long-term client Alliance Automation on their successful sale to Telstra Purple. Alliance, one of Australia’s largest independent providers of Industry 4.0 industrial automation solutions and control systems, was an excellent fit for Telstra’s strategy to expand its digital transformation services, industrial automation capabilities, digital twin, smart spaces and OT cyber […]

Read more
25.2.2022

Sector Dashboards February 2022

Our monthly dashboards cover seven key sectors of focus, with each sector built up by several subsectors that cover similar companies based on; products, end markets, services, assets classes or other characteristics. The publications include all companies listed on the Australian Stock Exchange that are actively traded and covered by research analysts, and hence have […]

Read more