Jun 1, 2026 – 9.46amFour years after ReadyTech was left at the altar by Pacific Equity Partners, the ASX-listed human resources software business has snagged a Canadian suitor.Street Talk can reveal ReadyTech on Friday fielded an off-market takeover bid for $1.75 per share from Toronto-listed Topicus.com Inc’s software subsidiary TSS, which has hired Rothschild and Allens for advice. TSS attached a 50.1 per cent minimum acceptance condition to this bid, sources said.Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber?
Toronto-listed software player lobs $250m bid for ReadyTech
The Canadian company has been chasing ReadyTech for nearly 18 months, and the bid values the ASX-listed at about $247 million.
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