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.

28.5.2024

The Federal Budget and Clean Energy

The need for support to raise Clean Energy capital Australia’s May 2024 budget prioritises clean energy manufacturing, aiming to make the country a key supplier in the global transition. Tax incentives are offered for hydrogen, battery, and solar cell production, alongside critical mineral mining and processing. This will foster new industries, jobs, and investment. The […]

Read more
28.5.2024

Sector Dashboards May 2024

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
Drivers of investment Australia Japan
30.4.2024

Key drivers of investment between Australia and Japan

Australia and Japan’s trade and investment partnership traces back to the mid-19th century. From the initial exchange of coal to today’s intricate network of investments spanning various sectors, the ties between these two nations have evolved significantly. The bilateral relationship between Australia and Japan has not only endured but flourished. In 2023 alone, the two […]

Read more
30.4.2024

Sector Dashboards April 2024

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
Trends in Clean Energy
30.4.2024

Trends affecting Clean Energy companies

Derek Thomson, Director of our dedicated Clean Energy and ESG division, gives us a wrap up of some of the recent trends affecting Clean Energy companies based on his conversations with clients.

Read more
29.4.2024

Australian engineering firms join for a “critical” common purpose

Governments, communities and businesses have committed to decarbonisation making the transition to clean energy a top priority. To build clean energy systems like solar and wind, as well as batteries for storage, we need critical minerals like copper, lithium, cobalt and nickel. As demand for these minerals has skyrocketed, so has the demand for the […]

Read more
26.3.2024

Sector Dashboards March 2024

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