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APS and Billback Systems in Accounting and Legal Software Merger

The merger was announced today of APS (Advanced Professional Solutions) and Billback Systems. Billback Systems develops and markets a range of expense management and cost recovery solutions predominantly to the legal profession. The combined APS / Billback software business will turn over in excess of A$35 million.

APS has offices in Australia, New Zealand and the UK while Billback has offices in Australia, the United States and the UK. The merger follows the acquisition of Espreon’s Corporate Services and Billback Systems businesses by APS parent, Reckon Limited in January 2009 for A$18 million, Established in 1991, APS supplies software solutions to over 70% of the Top 100 accounting firms in Australia, over 60% of the Top 50 firms in New Zealand and 25% of the UK’s Top 100 firms. With Billback providing cost recovery and expense management solutions to over 60% of the Top 100 law firms in Australia, 20% of the Top 50 law firms in the United States and 8 of the UK’s 15 largest firms, the combined group is now well established as a major player in both the accounting and legal markets. APS CEO Brian Armstrong commented: “We were keen to bring the APS and Billback businesses together to ensure that maximum advantage could be gained for the accounting and legal sectors. With APS particularly strong in accounting, Billback’s cost recovery and recently released expense management software provides us with strength in the legal sector. Billback, like APS, is a very profitable business, so we are well resourced to combine our business models and concentrate on enhancing our service levels to both accounting and legal clients.”

Mr. Armstrong added that “both companies have a strong track record of developing the right software on the right platforms for their target markets and we anticipate further advances in our combined product and service offering. With APS an Interwoven Certified Gold partner for Document and Email Management we will see an immediate expansion in the software solutions we will offer the legal sector together with companion solutions for PDF desktop publishing, scanning and imaging. Of particular interest will be the integration of the APS Business Intelligence solution, Advance Practice IQ with Billback enterprise expense management.”

About Billback:

Billback Systems, established in 1983, is a leading developer, supplier, implementer and support provider for cost management and cost recovery systems. Billback enables firms to capture client-related expenses incurred throughout traditional and non-traditional administrative disciplines including network printing and faxing, copying, scanning, telephone and mobile phone calls, online searches, emails, credit card charges, courier costs and more. BillBack