{"id":86249,"date":"1999-12-31T00:35:00","date_gmt":"1999-12-30T13:35:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/commander-to-take-stake-in-netreturn\/"},"modified":"1999-12-31T00:35:00","modified_gmt":"1999-12-30T13:35:00","slug":"commander-to-take-stake-in-netreturn","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/commander-to-take-stake-in-netreturn\/","title":{"rendered":"Commander To Take Stake in NetReturn"},"content":{"rendered":"

Just four months after accounting software specialist MYOB took a 35 per cent stake in the company NetSuite distributor NetReturn is believed to be about to announce another deal, this time with Commander Communications.<\/p>\n

With an announcement to the ASX believed imminent, Commander Communications would likely offer the NetReturn on-demand applications as part of a bundle incorporating data and potentially services such as VoIP.<\/p>\n

MYOB took a 35 per cent stake in NetReturn in late June this year. Paying $7 million for its share an amount equivalent to the company’s 2004\/5 revenues. MYOB wanted a piece of the company as a alternative for its existing companies which are growing out of the small to medium-business accounting solutions.<\/p>\n

NetReturn is the exclusive distributor of the NetSuite range of integrated on-demand mid-market ERP, CRM and eCommerce solutions, in Australia and New Zealand . NetSuite is the global leader in providing hosted business management systems, with more than 7,500 customers worldwide.<\/p>\n

However, any deal with Commander Communications could be affected by the agreement NetReturn made with MYOB, which gave MYOB the option of acquiring all remaining shares in the ASP in either 2007 or 2008.<\/font><\/p>\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Just four months after accounting software specialist MYOB took a 35 per cent stake in the company NetSuite distributor NetReturn is believed to be about to announce another deal, this time with Commander Communications.<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,658],"tags":[],"class_list":["post-86249","post","type-post","status-publish","format-gallery","hentry","category-archive","category-credit","post_format-gallery"],"yoast_head":"\nCommander To Take Stake in NetReturn - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/commander-to-take-stake-in-netreturn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commander To Take Stake in NetReturn - 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