Star Business Solutions (Aust) Pty Ltd.
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Star Business Solutions (Aust) Pty Ltd. - overview
Established
1991
Location
Melbourne, Victoria, Australia
Primary Industry
Software
About
Star Business Solutions (Aust) Pty Ltd. offers digital transformation services that enhance operational efficiency for businesses, including software solutions, cloud services, and data analytics tools tailored for various industries. Founded in 1991 and headquartered in Melbourne, Australia, Star Business Solutions focuses on digital transformation. The company was acquired by MYOB Australia Pty Ltd in November 2021, with financial terms undisclosed.
This acquisition aims to support the development of MYOB’s ERP solution. Star Business Solutions specializes in providing comprehensive digital transformation services aimed at enhancing operational efficiency for businesses across various sectors. The company's core offerings include tailored software solutions, cloud services, and data analytics tools that enable clients to streamline processes and improve decision-making. These products address the challenges of businesses looking to modernize their operations, increase productivity, and leverage data-driven insights.
Their clientele consists of small to medium-sized enterprises and larger corporations across industries such as finance, retail, and healthcare, primarily operating in the Asia-Pacific region, including Australia, New Zealand, and select Southeast Asian countries. Star Business Solutions generates revenue through a structured model incorporating direct-to-consumer and business-to-business transactions. The company offers subscription-based pricing for its software solutions, allowing clients to access updates and support while ensuring predictable revenue flow. Partnerships with various retailers and wholesalers enhance distribution capabilities for their cloud services and analytics tools.
Clients typically engage in multi-year contracts, securing long-term access to these services at agreed-upon pricing tiers, with flagship products driving consistent engagement and renewal rates. Following its acquisition by MYOB Australia Pty Ltd in November 2021, Star Business Solutions plans to leverage this partnership to enhance its ERP solution’s product development. The strategy includes designing and launching new products to further expand their offerings. The company intends to focus on expanding into the broader Asia-Pacific market, aiming for growth initiatives to be realized over the next few years.
Current Investors
MYOB Australia Pty Ltd
Primary Industry
Software
Sub Industries
Education & Training Services, Customer Relationship Management, Accounting/Finance Software
Website
www.starbusinesssolutions.com.au
Verticals
Cloud Computing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Star Business Solutions (Aust) Pty Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Star Business Solutions (Aust) Pty Ltd. | - |
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