The Australian Competition Authority outlines competition concerns over a national software company’s proposed acquisition of a South African software provider that could substantially lessen competition in the accounting software market (MYOB / GreatSoft)

Preliminary competition concerns over MYOB’s GreatSoft acquisition* The ACCC has outlined preliminary competition concerns that MYOB’s proposed acquisition of GreatSoft could substantially lessen competition in the accounting software market. MYOB and GreatSoft both supply practice management software to medium-to-large accounting firms. “We are concerned that if MYOB acquired GreatSoft, there would only be three major suppliers of practice management software to medium-to-large accounting firms,” ACCC Commissioner Stephen Ridgeway said.

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Australian Competition Authority, The Australian Competition Authority outlines competition concerns over a national software company’s proposed acquisition of a South African software provider that could substantially lessen competition in the accounting software market (MYOB / GreatSoft) , 11 February 2021, e-Competitions February 2021 - II, Art. N° 99255

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