Reckon Limited (AU:RKN) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Reckon Limited has announced the acquisition of Cashflow Manager, a profitable accounting and payroll software business, for $8.75 million. This move will expand Reckon’s customer base by 20,000 clients and align with its strategy of transitioning users to its cloud-based solutions. The acquisition is expected to boost Reckon’s revenue and earnings in the upcoming financial year.
For further insights into AU:RKN stock, check out TipRanks’ Stock Analysis page.