Grant Thornton advises GetBusy

GetBusy (“GetBusy” or the “Company”) is the holding company of a group of document management software businesses with over 110 full-time employees, headquartered in Cambridge and operating across the UK, US, Australia and New Zealand (the “Group”).

The Group provides highly secure digital document distribution solutions to SME and Enterprise customers, including the highly successful SmartVault and Virtual Cabinet products serving over 50,000 customers.

Reckon Limited (“Reckon”), an Australian company listed on the Australian Stock Exchange (“ASX”), announced earlier this year that having analysed its segmental structure and in the interest of unlocking shareholder value from its diverse range of operations, that it intended to de-merge its document management software business (which represented approximately 15% of Reckon’s 2016 group turnover).

Accordingly, GetBusy plc was formed to acquire the document management software business from Reckon, raise £3 million from existing shareholders and float on AIM. Our team was engaged to act as the Company’s Nominated Adviser, working closely with our Sydney office throughout the process.

This deal is another great addition to our credentials in the technology sector and demonstrates our advisory strength in the London Public markets.

This transaction provides a further demonstration of our independent Nomad model, as we continue to provide market-leading regulatory and commercial advice to public companies and private companies seeking growth by way of an IPO.