MYOB's acquisition of GreatSoft sparks Australian review of accounting software markets

( October 21, 2020, 02:44 GMT | Official Statement) -- MLex Summary: Australian software company MYOB’s planned acquisition of South African software development and integration platform company GreatSoft has sparked a public review by Australia’s competition regulator. In a market inquiries letter published today, the Australian Competition & Consumer Commission asked industry players for information on software used by accounting businesses, including the specific functionality of the software programs. The ACCC has asked for information on how closely MYOB and GreatSoft compete in the supply of practice management software to accounting practices. The ACCC has set Jan. 28, 2021, as a deadline for an initial decision on the acquisition. The ACCC's market inquiries letter is attached. ...

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MYOB's acquisition of GreatSoft sparks Australian review of accounting software markets

Prepare for tomorrow’s regulatory change, today

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