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

State of the SOC: Building Resilience in a Shifting Threat Landscape
State of the SOC: Building Resilience in a Shifting Threat Landscape
Transform IT Service Delivery with Freshworks ITSM
Transform IT Service Delivery with Freshworks ITSM
Digital Transformation That Works in the Real World
Digital Transformation That Works in the Real World
Beyond the Breach: Logicalis Delivers Scalable, Business-Aligned MXDR Security
Beyond the Breach: Logicalis Delivers Scalable, Business-Aligned MXDR Security
Transforming IT for the Hybrid Era
Transforming IT for the Hybrid Era

Events

Most Read Articles

Suncorp deploys Duck Creek at AAMI

Suncorp deploys Duck Creek at AAMI
Health expands cloud footprint with $32m Azure deal

Health expands cloud footprint with $32m Azure deal
Veterans' Affairs tests using AI to tackle 82,645 unprocessed claims

Veterans' Affairs tests using AI to tackle 82,645 unprocessed claims
Gov quietly launches onshore instance of GPT-4o for APS

Gov quietly launches onshore instance of GPT-4o for APS
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?