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Attaché sold to UK player, plans for ANZ expansion

Adam Zuchetti
Adam Zuchetti
11 November 2019 1 minute readShare
Attaché software signage

Australian payroll and finance software provider Attaché has been sold by its founders to a British business software company, which has plans for a broader push into the local business market.

The Access Group announced its first wholly overseas acquisition earlier this month, for an undisclosed sum.

In a statement on its website, The Access Group said that spending in Australia on software is expected to balloon to “in excess of $21 billion by 2022”, up from its current $16 billion, making Australia — as well as New Zealand and the Pacific Islands — a strong market for future growth.

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“The addition of Attaché establishes a significant foundation for us to launch into the Australasian marketplace and commences the process of extending Access’ success in the mid-market business software sector beyond our home base in the UK,” said Chris Bayne, CEO of The Access Group.

“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.”

 

The Access Group noted that Attaché currently has 2,800 customers in the Australasian region. Meanwhile, its new parent company boasts in excess of 20,000 customers and employs more than 2,000 people.

Target industries for The Access Group’s products are:

  • professional services
  • health and social care
  • hospitality
  • warehousing and logistics
  • education
  • construction
  • recruitment agencies
  • manufacturing
  • visitor attractions
  • charities and not-for-profits

“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,” its Australian co-founder and managing director, Mike Rich, said.

“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.”

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According to the statement, Attaché has grown both its bottom and top line figures for 11 consecutive years, and is on track to do so again in the current year.
Attaché was founded in 1981, and focuses specifically on medium-sized businesses, with annual revenues in the vicinity of $2 million to $100 million, its website states.

It operates through accredited specialists in every state and territory capital in Australia as well as a number of other major cities and towns on the east coast.

Attaché sold to UK player, plans for ANZ expansion
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Adam Zuchetti
Adam Zuchetti

Adam Zuchetti is the editor of My Business, and has steered the publication’s editorial direction since early 2016. 

The two-time Publish Awards finalist has an extensive journalistic career across business, property and finance, including a four-year stint in the UK. Email Adam at [email protected]

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