Date Time MYOB’s acquisition of GreatSoft not opposed The ACCC will not oppose MYOB Invest Co Pty Ltd’s acquisition of GreatSoft Pty Ltd, finding the transaction is not likely to substantially lessen competition. MYOB and GreatSoft both supply practice management software to medium-to-large accounting firms. MYOB offers desktop practice management software, and GreatSoft offers a cloud-based solution. The ACCC’s investigation focused on GreatSoft’s potential to grow into a strong competitor, given that GreatSoft had succeeded in winning a number of medium-to-large customers, including MYOB customers, when it first launched its product in 2019. However, the ACCC 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.