ELMO Software Limited (ASX:ELO) refers to recent media speculation regarding possible corporate activity involving the Company. ELMO confirmed that it has received approaches expressing interest in acquiring the Company from various parties, including Accel-KKR LLC. The Company is in discussions with selected parties in the context of maximising shareholder value.

No agreement has been reached in relation to any transaction, and there is no certainty that any proposal received will result in a binding offer or that any such offer would be recommended to shareholders. ELMO has retained UBS and Arnold Bloch Leibler to advise it in relation to any proposals received.