The Access Group acquires Reckon Accountants Group for $100M
UK-headquartered business software provider The Access Group has expanded its accounting software portfolio through a $100 million deal to acquire Reckon’s Accountants Group.
UK-headquartered business software provider The Access Group has expanded its accounting software portfolio through a $100 million deal to acquire Reckon’s Accountants Group.
Accounting software vendor Reckon has closed the first half of 2019 with a net profit after tax increase of 2.1 per cent to $5.3 million.
MYOB will no longer pursue its acquisition of Reckon’s Accountant Practice Management assets, noting that the regulatory process has taken longer than anticipated.
The ACCC has outlined its competition concerns with MYOB’s proposed $180 million acquisition of Reckon.
MYOB has coughed up $180 million for Reckon's Accountants Group, as the accounting software vendor's rival focuses on the SMB market.
Cloud-based software company, Reckon (ASX:RKN), is expanding its Australian Cloud accounting software offering overseas with the launch of the company’s flagship SME software, Reckon One, in the UK.
Accounting software vendor, Reckon, has had a bit of a tough first six months with revenue and EBIDTA down within its Business Group as it transitions towards a subscription-based model.
Cloud was yet again the buzzword for 2014, though Reckon saw it reflected in market adoption.
ASX-listed accounting software provider, Reckon Limited (ASX:RKN), will be buying back up to 10 per cent, or more than 129 million of its shares as part of the company’s strategy to manage its capital base.
Carolyn Sutton has resigned from her position as Chief Financial Officer at Web hoster, Melbourne IT (ASX:MLB).