MYOB was founded in the late 1980s by Christopher Lee and a team of developers at Teleware, Inc., who developed accounting software. Teleware was purchased by Best Software, Inc. (now part of Sage) in 1993. Data-Tech Software was the Australian Publisher of the MYOB products and, in 1997 entered into an agreement with Best Software to buy the company (renamed MYOB, Inc.) and bought the intellectual property rights to the software. In 1999, Data-Tech changed their name to MYOB Limited and listed on the Australian Stock Exchange (ASX) on 9 July 1999. In subsequent corporate development, MYOB Limited merged with Solution 6 Holdings in 2004. Though the company was originally founded in the US, it ceased operations outside of Australia in 2008.