MYOB’s Enterprise business showed a double-digit increase in organic revenue and an 11 percent increase in recurring revenue for the first half ended March 31, the company reported last week. The Australia-based software company, said that its MYOB Advanced comprised “almost 60 percent of our sales in ERP software” in the recently ended half .

The Sage Group has confirmed it is one the parties bidding to acquire MYOB, an Australian company whose names has roots in the United States. The British parent of Sage North America released a statement that "Sage can confirm that it is currently considering a potential acquisition of MYOB. However there is no certainty that it will proceed. The company will provide further information, if and when appropriate." Published reports have the Sage bid at $1.4 billion.