Nov 26, 2019 | Prime announcements

Sale of Attaché Software

Prime Capital is delighted to announce we have led the sale of one of Australia’s last privately held accounting & payroll software businesses, Attaché Software.

Attaché is a leading provider of accounting, payroll, asset and document management products, servicing medium businesses throughout Australia, New Zealand and the South Pacific. Attaché provides all the features most medium businesses need, typically used across a multi-user, multi-entity environment, as a hybrid solution, providing a cloud based and on-premise product suite. The local business software market is typically serviced by either entry level cloud-based packages (Xero/MYOB etc.) or full enterprise resource planning (ERP) applications (Oracle/SAP). Attaché is one of the few providers that services this significant gap in the market.

Prime was recently engaged by the shareholders of Attaché to provide advice on succession planning and sale of the business. The engagement consisted of Prime Capital designing the sale strategy, market mapping exercises, meeting and shortlisting potential acquirers and subsequently negotiating a deal with the preferred bidder.

At the end of October, Prime Capital and Attaché closed the deal, resulting in Attaché being acquired by The Access Group, the UK-based leading mid-market software provider.

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