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

By
Follow google news

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

Add iTnews as your trusted source

Add iTnews As Your Trusted Source Add iTnews As Your Trusted Source
Got a news tip for our journalists? Share it with us anonymously here.
Tags:
cloudelmo softwarek1 investment managementsoftware

SPONSORED RESOURCES

2026 Wasabi Global Cloud Storage Index
2026 Wasabi Global Cloud Storage Index
The Mythos Moment: When AI Outpaces Remediation - How Can Enterprises Respond
The Mythos Moment: When AI Outpaces Remediation - How Can Enterprises Respond
Innovate anywhere with HPE and Azure Local
Innovate anywhere with HPE and Azure Local
Cloud Covered Report: New Zealand
Cloud Covered Report: New Zealand
How healthcare organisations can get more value from cloud
How healthcare organisations can get more value from cloud

Events

Most Read Articles

Westpac plugs five AWS AI agents into core lending processes

Westpac plugs five AWS AI agents into core lending processes
ASX taps Amazon Bedrock to unlock its market data

ASX taps Amazon Bedrock to unlock its market data
AI data centre race builds US$1 trillion lease burden for Big Tech

AI data centre race builds US$1 trillion lease burden for Big Tech
CBA's AI Companion is expected to face some hard questions

CBA's AI Companion is expected to face some hard questions
techpartner.news logo
Sydney-based AI-cloud waste startup raises $3m
Sydney-based AI-cloud waste startup raises $3m
Brennan uses NiCE to modernise its contact centre
Brennan uses NiCE to modernise its contact centre
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Impact Awards: Tecala slashes customer response times for fintech IQumulate
Interactive introduces private cloud platform
Interactive introduces private cloud platform
Digital61 expands cybersecurity portfolio
Digital61 expands cybersecurity portfolio

Log In

  |  Forgot your password?