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

Gaining a Competitive Advantage with Communication APIs
Gaining a Competitive Advantage with Communication APIs
Leverage Technologies: Industry-Tailored ERP Implementation for Growth and Compliance
Leverage Technologies: Industry-Tailored ERP Implementation for Growth and Compliance
Service Over Signatures: The Truth About No Lock-In IT
Service Over Signatures: The Truth About No Lock-In IT
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Wasabi Reveals Hidden Costs and Cloud Storage Shifts in ANZ for 2025
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks
Datacom + Microsoft Azure: Turn Ideas Into Impact in Just 4 Weeks

Events

Most Read Articles

Microsoft to 'co-invest' in Defence's Azure adoption

Microsoft to 'co-invest' in Defence's Azure adoption
AGL taps AI agents in retail transformation

AGL taps AI agents in retail transformation
AGD sets end-of-year deadline for Microsoft 365 rollout

AGD sets end-of-year deadline for Microsoft 365 rollout
Woodside Energy builds an industrial data fabric

Woodside Energy builds an industrial data fabric
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?