Australian accounting software developer Reckon has acquired UK company Linden House, Software Limited (LH), with plans to integrate its Virtual Cabinet document management solution (DMS).

Linden House is  UK reseller of the INVU DMS, and has also developed Virtual Cabinet as a simple way to scan, index and search for  files. It also offers a Client Portal (CP) solution to allows businesses to collaborate online.

Reckon has made an initial payment of $A9 million, and estimates the final price will be near $A22 million depending on performance over the next three years.

Reckon subsidiary company APS currently sells a modified version of the  Worksite document and email management system.

Reckon Group CEO, Clive Rabie said, ““We have been searching for a DMS and CP solution that fits all parts of our business for a long time and feel certain we have now achieved that.

Linden House sells its products mainly to accounting practices, financial services providers and insurance companies.

Alison Jackson, co-founder and Sales Director of LH said, ““Partnering with Reckon will allow us to take our market leading Document Management and Client Portal products to the Australian, New Zealand and US markets. We can add value both in domain expertise and the sales process to help with a successful rollout. I also believe that culturally both companies will fit well together.”