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Mamut has 54th consecutive quarter growth

Mamut's acquisitions help growth the company in tough conditions

Rachael Singh, Accountancy Age 08 Sep 2008
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Mamut, the accountancy software provider, has experienced growth for the 54th consecutive quarter thanks its recent acquisitions.

The business grew by 14% in the second quarter of 2008 compared to the same period in 2007.

The company was helped by its buyout of MYOB in the UK, software houseKlubbenOnline, the business software providers, and Germany's small business technology provider, Lexware.

Eilert Hanoa, CEO at Mamut, said: 'These projects will be integrated into the Mamut Business Platform, the company's software and services strategy.'

Our focus in the coming quarters is sustainable growth and profitability' he added.

Further reading:

Mamut snaps up MYOB UK

Mamut books 52 quarters of consecutive growth


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