Australia's ELMO Software agrees to near-$500m takeover from US firm

By

Subject to FIRB approval.

Australia's ELMO Software agrees to near-$500m takeover from US firm
Australia's ELMO Software said on Wednesday it has agreed to a near-A$500 million (US$319 million) takeover from Los Angeles-based K1 Investment Management. The US group offered A$4.85 per share in cash for the cloud-based human resources software business that operates in Australia, New ...

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
cloudelmo softwarek1 investment managementsoftware

Sponsored Whitepapers

Protect APIs. Protect Your Business.
Protect APIs. Protect Your Business.
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt
Modern Identity for SAP and Beyond: Replace SAP IDM with Saviynt
Saviynt Simplifies GRC and Access Control for SAP and Beyond
Saviynt Simplifies GRC and Access Control for SAP and Beyond
Futureproof Your Business with Datacom, Microsoft, and AMD Ryzen™ AI PCs
Futureproof Your Business with Datacom, Microsoft, and AMD Ryzen™ AI PCs
See everything. Do more.
See everything. Do more.

Events

Most Read Articles

Victoria's first government tech chief steps down

Victoria's first government tech chief steps down
SA Water plans 'once-in-a-generation' core technology uplift

SA Water plans 'once-in-a-generation' core technology uplift
Australian Red Cross adopts data mesh strategy powered by Fabric

Australian Red Cross adopts data mesh strategy powered by Fabric
TAFE NSW, NESA land tech funding in state budget

TAFE NSW, NESA land tech funding in state budget
techpartner.news logo
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Dave Stevens on Brennan's evolution and the need for Aussie tech unity
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
Sydney's ITKnocks on contact centre AI and the slow death of the IVR
"It's an exciting time to be part of the health and aged care sector"
"It's an exciting time to be part of the health and aged care sector"
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Insicon founder Matt Miller on the coming 'tsunami' of compliance and educating boards about cyber security
Orro claims Australia first with managed digital asset discovery service
Orro claims Australia first with managed digital asset discovery service

Log In

  |  Forgot your password?