saas.group announces acquisition of MyWorks

We are pleased to announce that MyWorks is joining the saas.group family. MyWorks is an eCommerce & accounting integration platform that helps its users run WooCommerce stores more efficiently by automating accounting processes with QuickBooks Online, Desktop, and POS. MyWorks also built WooCommerce Warehouses, which supports and enables native inventory management and order routing for multiple warehouses on WooCommerce. Both products have grown rapidly with strong customer ratings.

MyWorks was founded in 2015 by entrepreneur and accounting enthusiast Peter Leonard who built a successful web hosting and design business. As a business owner himself, Peter struggled to find a balance between building a business in a highly competitive environment and dealing with admin and accounting activities. He solved this problem by building MyWorks, which automates data transfer between WooCommerce and Quickbooks; otherwise completely independent of each other. Over time, the product has become the go-to provider for WooCommerce users seeking to increase back-office and accounting automation, while reducing the scope for human error. MyWorks now supports tens of thousands of users worldwide with a global, remote-first team in the US, Asia and Europe.

Tobias Schlottke, CTO and co-founder at saas.group, noted,

We look forward to our partnership with Peter Leonard and the MyWorks team. We are very bullish about the eCommerce growth opportunity, and found in Peter and MyWorks a great partner and a platform to continue growing presence in the eCommerce and accounting ecosystems, while continuously innovating to deliver value to our customers.

Peter Leonard, the founder and CEO of MyWorks commented:

We are very excited to partner with saas.group to deliver even more value to our users and strengthen our position as a leading provider of eCommerce and accounting automation. It’s been an exciting journey to this point, driven by our passion to help our users save time with accounting – and we look forward to the road ahead. I’m very grateful to our amazing team/family, who cares just as much about our users and mission as I do – waking up each morning excited to help our users continue to grow by saving them time and automating their business processes. The entire team at saas.group couldn’t be a better fit to help bring MyWorks to the next level, and we look forward to building great things together! The saas.group team brings a deep experience of SaaS business strategy and core resources that will help us even better serve our market, while expanding into new territory.

Andrew Gazdecki, CEO and founder at MicroAcquire, noted,

We are extremely happy with the outcome, and believe that saas.group is the perfect partner for MyWorks, owing to their deep operational expertise. As a founder myself, I’ve been truly impressed with Peter’s track record of building and scaling MyWorks, and, in the process, delivering significant value to its customers.

saas.group was advised by Miller & Martin (Tom Schramkowski, Baoyi Cai and Joe DeLisle). MyWorks was advised by Barlow & Williams (James David Williams and William Barlow) and MicroAcquire(Paul J. Kelley).

saas.group acquires promising SaaS companies with a founder-friendly process in order to elevate their product – and their people – to the next level. Founded in 2017 by serial tech entrepreneurs (Tim Schumacher, Ulrich Essmann, and Tobias Schlottke), we have acquired nine companies to date, including Deploybot, Sniply, Rewardful, GitTower, Prerender, ScraperAPI, Juicer, Pipeline CRM, and Keyword.com). If you are an eCommerce store running on the WooCommerce platform and using Quickbooks for accounting, we invite you to try MyWorks’ QuickBooks sync product. If you are a Shopify or Magento user, we want to hear from you too! If you are a SaaS company interested in exploring the sale of your business or a banker/advisor looking for a buyer, please contact Dirk Sahlmer (M&A Manager), Rihards Blanks (M&A Manager), or use our form to get in touch. 

Listen to Peter Leonard share the story of acquisition first-hand on the 1st episode of saas.unbound podcast.