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Home Quick Bytes Reckon Aims to Sell Off ReckonDocs to Sustain Cloud Strategy 
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Reckon Aims to Sell Off ReckonDocs to Sustain Cloud Strategy 

By
ET Bureau
-
June 1, 2021
Reckon Aims to Sell Off ReckonDocs to Sustain Cloud Strategy

Reckon, the Australian software firm, is all set to sell off its ReckonDocs business. The agreement has been finalized for AU$13 million for the Class Buyer Group. At present, ReckonDocs is a significant part of the company’s account practice management group.

As mentioned by Reckon, after this auction it will use the funds to moderate the company debt that was AU$31.8 million (as of 2020).

In this context, Sam Allert, CEO at Reckon Group explains – “The sale of ReckonDocs, allows us to focus on our core strengths of accounting and payroll for small businesses, and practice management for accountants and lawyers.”

Source: ZDNet 

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  • TAGS
  • account practice management
  • CEO at Reckon Group
  • Class Buyer Group
  • cloud strategy
  • Reckon
  • ReckonDocs
  • Sam Allert
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