Reckon to sell off ReckonDocs to fund cloud strategy and reduce debt
The software firm has also reported achieving group net profit of AU$9.7 million and revenue of AU$75.6 million during the 2020 financial year.
The software firm has also reported achieving group net profit of AU$9.7 million and revenue of AU$75.6 million during the 2020 financial year.
The consumer watchdog is concerned the deal would likely lessen competition in an already small accounting software market.
62% of total revenue was derived from government and large corporate customers during the half year.