Australia’s competition watchdog the ACCC says it is not opposed to the MYOB Invest Co acquisition of GreatSoft, after deeming that the transaction is not likely to substantially lessen competition.
The competition watchdog the ACCC has raised preliminary concerns over the “substantial lessening” of competition in the accounting software market from MYOB’s proposed acquisition of GreatSoft.
Accounting software provider Reckon has reported $32.2 million in half year revenue to 30 June, with more than 46% of the company's revenue for its Business Group now generated through cloud services.
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