ACCC gives go-ahead for MYOB's acquisition of GreatSoft : vi

ACCC gives go-ahead for MYOB's acquisition of GreatSoft
Watchdog vows not to oppose accountancy ISVs merger.
Credit: ID 128097572 © Jarretera | Dreamstime.com
Australia’s competition watchdog has stated it will not oppose a merger between two local accountancy software vendors. 
The Australian Competition and Consumer Commission has effectively given the green light for MYOB to acquire GreatSoft. 
The ACCC had investigated whether GreatSoft had the potential to grow into a strong competitor, given that it had succeeded in winning a number of medium-to-large customers, including MYOB customers, when it first launched its product in 2019. 
However, the watchdog concluded that GreatSoft will likely face challenges expanding its small customer base in the short- to medium-term if the acquisition does not go ahead. 

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