"The Greentree acquisition enables MYOB to further extend its mid-market leadership into larger enterprise business offerings and apply its marketing and distribution resources to accelerate growth through the existing Greentree channel," MYOB says. The deal has been done via an acquisition of Hei Matau Holdings 2000, the ultimate shareholder of the Greentree group of companies. Tim Reed, MYOB chief executive, says the acquistion is in line with MYOB's strategy of targeting value-add acquisition to complement organic growth.