Reckon Completes Acquisition of Accounting, Payroll Software Businesses; Shares Rise 7%

MT Newswires Live

2025/01/07

Software company Reckon (ASX:RKN) completed the acquisition of Cashflow Manager and OKKE on Monday for a total of AU$8.8 million, according to a Tuesday filing with the Australian bourse.

The company signed an agreement with Money Management Group and its UK subsidiary, Money Management Group (UK), to purchase the accounting and payroll software businesses, according to a December 2024 filing.

Reckon shares rose 7% in afternoon trade Tuesday.

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