Reed, who has been with Australia-based MYOB since January 2003, has been CEO for 12 years. Ellis will step into the job on 16 Sept. 2019. He was previously CEO of Scout 24 AG, a German company that operatesreal estate portal ImmobilienScout24 and auto site AutoScout24. Ellis joined Scout24 in March 2014 and left a year ago. Prior to that, he was CEO of the REA Group, an Australian online real estate company from 2008 to 2014. When Reed joined MYOB, it was a public company, but was taken private in 2011  but Bain took it public again in 2015. It is now again private. KKR also acquired the Netherlands-based Exact this year and Epicor Software in September 2016.