The Access Group, the UK-based leading provider of software to growing mid-market businesses, today announced the acquisition of Attaché, an Australian-based Financial Management and Payroll software supplier with over 30 years’ experience providing software to Australasian mid-market businesses.
This is the first wholly overseas software business acquired by the Access Group and establishes its intent to take its Access Workspace solutions beyond its home market in the UK and onto the global stage. Access is one of the fastest growing UK-based tech business and has recently announced impressive results for the year ended 30th June 2019. Posting more than 40% growth in both revenues and EBITDA for this period, the company’s record of uninterrupted profitable growth now stands at eleven straight years. Having already established a small foothold in the Asia-Pacific region through recent acquisitions, this was a logical next step for the business.
Over its 30 year history, Attaché has grown to become one of the mainstay Finance and Payroll software technology providers in the market. Attaché serves more than 2,800 customers based in Australia, New Zealand and the Pacific Islands helping each of these businesses to meet the operational and regulatory requirements for their businesses.
The Australasian market is seen as an excellent place to support Access in delivering its next stage of growth, with the Australian market’s spend on software expected to grow from $16Bn in 2019 to in excess of $21Bn by 2022. With Access focused on delivering a fully connected mid-market business solution suite, on the Access Workspace platform, there is real potential to tap into a significant share of this market growth.
Chris Bayne, CEO, The Access Group, commented, “Access is excited to welcome Attaché into the Access Group. The addition of Attaché establishes a significant foundation for us to launch into the Australasian marketplace and commences the process of extending Access’s success in the mid-market business software sector beyond our home base in the UK. With around 100,000 businesses falling into the local mid-market sector, providing a third of all revenue and jobs, the potential for Access Workspace is huge. We look forward to deepening our relationship with Attaché’s customers and further supporting them with the broad array of solutions available through Access Workspace in the coming months and years.”
Mike Rich, MD and co-founder of Attaché, also shares, “As one of the fastest growing technology providers in the UK, we are confident that Access is the right company to help build on all we have achieved so far with Attaché. Access shares our passion for delivering excellent solutions and service to our clients and combined we will have the strongest suite of tools for mid-market businesses in the region.”
Access remains focused on continuing its top and bottom line growth for a twelfth consecutive year and the newly established presence in the Australasian market will provide significant opportunity to do just that. For more information about Access, visit www.theaccessgroup.com
For information about Attaché, visit www.theaccessgroup.com/en-au
The Capital Division of Prime Financial Group acted as lead financial advisors to Attaché.
The Access Group is a leading provider of business software to mid-sized organisations. It helps more than 20,000 customers across commercial and not-for-profit sectors become more productive and efficient. Its innovative Access Workspace technology transforms the way business software is used, giving every employee the freedom to do more.
Established in 1991, The Access Group employs more than 2,100 staff around the world.