Complicating this is the fact SmartVault has versions integrated with Intuit's Lacerte and ProSeries packages, which is likely to fuel existing speculation Intuit might buy Reckon. Certainly, it sounds as though Reckon might be choosing to go with a known name in this country, rather than try to establish Virtual Cabinet. SmartVault will continue to operate under that name and its CEO Eric Pulaski. A Reckon spokesman says, "With respect to Virtual Cabinet, our immediate focus is on increasing our footprint in the enterprise level document management and portal market in the UK and Australia/NZ. We are continuing to evaluate opportunities in other markets such as the U.S." The other question is whether the document management products might be the way Reckon will pave the way to enter America with its low-end cloud product, Reckon One, which is being sold in Australia, New Zealand and the United Kingdom.
RECKON BUYS SMARTVAULT Featured
Australia-based software vendor Reckon has acquired SmartVault, which markets document management applications. And the question of interest here is less about the intention of the former QuickBooks distributor down under for document management, but for online accounting packages in North America. Reckon has introduced another document product Virtual Cabinet (formerly Lindenhouse) in the United States, or at least it exhibited at some shows and an approach was made in July to our publications to discuss plans here.
