Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
subscribe to our newsletter

SuperConcepts acquires major super platform

hand shake1 230x215
Miranda Brownlee
02 August 2016 — 1 minute read

SuperConcepts has announced the acquisition of a software super platform which will see the transition of 16,000 software clients to its business.

SuperConcepts acquired Reckon’s Desktop platform for a purchase price of $2,500,000 comprising an initial payment of $1,250,000 with the potential for an additional $1,250,000 at the end of a two-year earn out period, a Reckon ASX announcement said.

According to SuperConcepts, the acquisition increases market share across both administration and software services from 6.8 to 9.7 per cent.

Advertisement
Advertisement

SuperConcepts said it formed a strategic alliance with Reckon to leverage each other’s expertise and industry relationships.

SuperConcepts chief executive Natasha Fenech said the acquisition and strategic alliance is another step forward in growing the SuperConcepts business as an end-to-end service provider in the SMSF market.

“Reckon is a highly regarded provider of accounting software services. We’re excited to form an alliance that will help us to enhance the level of service and technology available to SMSF trustees and their advisers,” she said.

“SMSF software continues to be a key part of our strategy and we will continue to invest in the technology as we expand our service to become a market leader in SMSF software solutions and partner of choice for the SMSF industry.”

Managing director of Reckon for Australia and New Zealand, Sam Allert, said Reckon is thrilled to be working with SuperConcepts, adding that it is “the start of a powerful partnership”.

 

Miranda Brownlee

Miranda Brownlee

 

Miranda Brownlee is the deputy editor of SMSF Adviser, which is the leading source of news, strategy and educational content for professionals working in the SMSF sector.

Since joining the team in 2014, Miranda has been responsible for breaking some of the biggest superannuation stories in Australia, and has reported extensively on technical strategy and legislative updates. Miranda has also directed SMSF Adviser's print publication for several years. 

Miranda also has broad business and financial services reporting experience, having written for titles including Investor Daily, ifa and Accountants Daily.

You can email Miranda on: This email address is being protected from spambots. You need JavaScript enabled to view it.

SuperConcepts acquires major super platform
hand shake1 230x215
smsfadviser logo
join the discussion

Latest poll

What is the best solution to improve access to SMSF advice?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.