Reckon - M&A Summary and Business Overview

SoftwareCompany

Reckon M&A Summary

Reckon has acquired 2 companies. It has also divested 1 asset.

It’s largest disclosed sale occurred in 2017, when it sold Reckon - Accountants Practice Management Division to MYOB Technology Pty for $180M. Reckon has acquired in 1 US state, and 2 countries. The Company’s most targeted sectors include internet software and services (50%) and software (50%).

Reckon Business Overview

Where is Reckon headquartered?

Reckon is headquartered in North Sydney, Australia.

What is Reckon’s revenue?

Reckon disclosed revenue of 53M AUD for 2023 and 51M AUD for 2022.

What sector is Reckon in?

Reckon is a software company.

When was Reckon founded?

Reckon was founded in 1987.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 1

Reckon

Reckon Ltd.

100 Pacific Highway Level 2,
North Sydney, NSW 2060
Australia,
+61 2 9134 3300
www.reckon.com

Reckon is a provider of software solutions for accounting and bookkeeping professionals and small to medium sized businesses. Reckon was founded in 1987 and is based in North Sydney, Australia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
Sell (0.0/yr) # 1 - - - - - 1
vol $180M $180M
  3

Most Recent M&A

Company Date Value Type
Reckon Ltd. - Accountants Practice Management Division 2017-11-16 180M USD Divestiture
North Sydney, Australia
SmartVault Corp. 2016-01-18 - Add-on Acquisition
Houston, Texas · www.smartvault.com
Lindenhouse Software Ltd. 2012-07-03 - Add-on Acquisition
Sawston, United Kingdom · www.lindenhouse.co.uk
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Software 1 (50%) - 1 (100%) 180M (100%)
Internet Software and Services 1 (50%) - - -
Total 2 - 1 $180M

By Geo

State/Country Buy Value Sell Value
Australia - - 1 180M
United Kingdom 1 - - -
United States 1 - - -
  Texas 1 - - -
Domestic - - 1 (100%) 180M (100%)
Cross-border 2 (100%) - - -
Total 2 - 1 $180M

Deal Values

sell # Total
$100M to $1B 1 $180M
TOTAL $180M
Largest Reckon Ltd. - Accountants Practice Management Division
$180M (2017-11-16)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

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Software Companies , Australia Companies