Reckon receives $100M with sale of Accountant Group Business, to focus on SMB accounting & payroll solutions
Reckon receives $100M with sale of Accountant Group to The Access Group, in a move renew focus on the Business division, accelerating the strategy to offer small businesses with a complete suite of cloud solutions to effectively grow and succeed, as well as pursue opportunities in the legal market.As part of the purchase agreement, Reckon will sell all assets under its Accountants Group division to Access Group, which includes APS and Reckon Elite, whilst retaining its Business and Legal Practice Management divisions.
The sale will see The Access Group take over the complete portfolio of clients, intellectual property, systems and processes, as well as all 115 employees under the Accountant Group, including sales and support teams, ensuring that it is business as usual for all clients, staff and investors.
For more information, please view the press release below.
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