Accounting software provider Reckon’s chief executive Clive Rabie is stepping down to become managing director in the wake of the failed bid by competitor MYOB to acquire the company's Accountants Practice Management division.
MYOB has been taking a look at midrange companies and the issues they face.
Accounting software company MYOB Group has abandoned plans to acquire competitor Reckon, citing concerns over uncertainty in its business from further potential delays in the regulatory process to approve the proposed deal.
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