Australia's largest care software provider MYP Technologies acquired by British group System C

Brisbane-based care software company MYP Technologies is changing hands after 26 years in business thanks to a buyout deal with the UK's System C for an undisclosed sum.

The news comes a year after MYP acquired its competitor BeSoftware International in August 2024 - a move the company claimed fortified its position as "the largest care and practice management software provider in Australia".

Last year's acquisition added the iinsight practice management platform to the companys' offering, integrating with its iinduct learning and compliance solution that helps allied health, disability care and aged care providers simplify staff induction, ongoing training, and regulatory compliance tracking.

Whilst MYP has been in local hands for decades, it has undergone several iterations since it was founded as a management consultancy by Steven and Jenny Eager in 1999 from their home office.

In 2006, despite there being "almost no software development experience" in the team, the company - then known as Access Management Consultants - pivoted to creating a financial benchmarking solution for its clients that would be offered on a monthly subscription basis.

One of the group's management consultants came up with the name myYardstick for the product, which ultimately became myYardstick Professional to service advice-oriented businesses such as accounting firms, business advisers, banks and franchisors.

The big break for myYardstick came in 2013 with the initial launch of the National Disability Employment Scheme (NDIS). For the incipient scheme it was challenging for providers to calculate their fees for service in a new policy setting whereby spending decisions were moved to those living with a disability.

One of the company's advisors asked if myYardstick Professional could be used to develop a benchmarking module to resolve the challenge of NDIS fee calculations - a feasible task that it delivered on, changing its name to an acronym for the original product name, MYP.

"This is a fantastic opportunity to grow both locally and internationally," says MYP Technologies CEO John Fisher.

"With System C’s support, we can fast-track our product roadmap and extend our reach within Australia. I’m especially excited about introducing additional MYP Technologies solutions to the UK market, with several UK organisations using insight today.

"With a strong cultural fit across both organisations, leveraging our combined experience and expertise opens up exciting new possibilities for innovation and impact."

The acquisition from System C builds on the British company's existing footprint in Australia, where it has national contract to provide its maternity platform, and has deployed a territory-wide platform for child protection in the Northern Territory.

System C believes MYP will enable accelerated growth in Australia by building local deployment and customer success teams, while also providing enhanced 24/7 capability for existing customers in the UK and Ireland. 

System C CEO Nick Wilson says MYP gives the group a strong local base in Australia, where the company is keen to expand the reach of its social care solution Liquidlogic.

"We also provide our maternity software, BadgerNet, in New Zealand, and this acquisition reinforces our long-term commitment to the region. MYP is an exciting business with ambitious goals and we’re looking forward to supporting and scaling those ambitions together," Wilson says.

Prior to the acquisition, co-founder Steve Eager - a former CEO of Carter Newell Lawyers - was a director of the group.

Other shareholders in MYP pre-buyout include Armitage Associates and its operating partner Greg Coffey, founders from the Eager family, Be Software founder Renato Parletta, and MYMAX principal Chris Robinson.