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SuperConcepts acqires Reckon super platform
Self-managed superannuation fund (SMSF) administration software provider, SuperConcepts, has made a key acquisition, announcing today that it had acquired Reckon's Desktop Super platform.
The company said today the transaction would result in the transition of approximately 16,000 SMSF software clients to the SuperConcepts business.
The announcement said the acquisition continued SuperConcepts' growth as a provider of SMSF software services to accountants and specialist SMSF advisers, increasing its market share across both administration and software services from 6.8 to 9.7 per cent.
It said SuperConcepts and Reckon had also formed a strategic alliance to leverage each other's expertise and industry relationships to provide customers with a leading SMSF software service. Commenting on the transaction, SuperConcepts chief executive, Natasha Fenech, said the acquisition and strategic alliance represented another step forward in growing the SuperConcepts business as a leading 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.
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