Reckon buys nQueue Billback shares in UK and US

Reckon has moved to snap up shares in nQueue Billback, complementing its acquisition of UK-based software provider Linden House last month.

Australian accounting software company Reckon has bought up the remaining shares for nQueue Billback in the UK and the US to farther expand in those regions.

In a deal worth AU$5 million, Reckon has acquired 26 per cent of shares in nQueue Billback US and 25 per cent in nQueue Billback UK, to own 100 per cent of both businesses.

nQueue Billback deals with information accountability and expense-management software for the legal market.

Last month, Reckon announced that it is buying UK document-management and portal software provider Linden House.

"Now that we have well-established relationships in our US and UK markets with lawyers and accountants, it makes sense to obtain 100 per cent of nQueue Billback to enable us to exploit these existing nQueue Billback channels for the recently acquired Linden House range of products, including document management and client portal, as well as for our cloud-based small business accounting solution," Reckon CEO Clive Rabie said in a statement.

The acquisition of shares is slated to be completed by 31 August.

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