- IWL Limited
SummaryIRESS has acquired 100% of shares in IWL Ltd's Financial Advisory Software Business known as VisiPlan, as announced by the parties in February 2007.
Market definitionThe acquisition was considered in relation to the supply of financial planning software to financial planners in Australia.
Competition analysisOn 4 June 2007 the ACCC formed the view that the acquisition is unlikely to substantially lessen competition in the supply of financial planning software products to financial planners in Australia. Factors informing this conclusion include:
- financial planning groups have the option of developing their own tailored in-house financial planning software, as some groups already have;
- the market is characterised by growth, technological change and innovation. The ability and incentive for new or existing providers to develop improved products is likely to ensure the market remains competitive;
- COIN is likely to be an increasingly strong competitor and there are also other alternate suppliers of financial planning software to financial planners in Australia; and
- wrap providers may increasingly offer financial planning software in the future as the trend towards integrated packages continues.
|10/04/2007||ACCC commenced review under the Merger Review Process Guidelines. Market inquiries commenced|
|24/04/2007||Transaction was completed|
|27/04/2007||Closing date for submissions from interested parties|
|04/06/2007||ACCC announced it would not oppose the acquisition|