MYOB dumps plan to acquire Reckon’s Accountant Group
MYOB has dumped it plan to acquire Reckon’s Accountant Group Assets, the ASX-listed software company announced this morning.
MYOB has dumped it plan to acquire Reckon’s Accountant Group Assets, the ASX-listed software company announced this morning.
Accounting software provider Reckon will sell its accounting practice management software business to MYOB for $180 million in an all-cash deal to pay off debt.
The improved performance of local business and professional divisions has helped Australian accounting software firm, Reckon (ASX:RKN), record a net profit after tax of $9.3 million, up five per cent year-on-year, for the half year to 30 June 2011.
Accounting software vendor Reckon has launched a new Cloud service, CashBook Online which allows small businesses to manage their accounts online or without and Internet connection.
Financial software company Reckon (ASX:RKN) has recorded solid growth in its net profit after tax of 42 per cent year on year to $8.8 million for the half year to June 30.