nQueue Billback Sets Revenue Record in First Half of 2011
Tempe, Ariz., August 26, 2011 – nQueue Billback, the leading provider of software-based cost recovery systems, today announced record revenue, building on the company’s strong 2010. Total revenue is up 26.7% compared to the first half of 2010, as the company goes global and adds EMEA to the organization for the first time.
“We couldn’t be more pleased with the level of new clients signed by the nQueue Billback Division each year,” said Clive Rabie, CEO of Reckon Ltd. “Client numbers have grown consistently and substantially.” Reckon is a major shareholder in nQueue Billback.
In addition to revenue growth in North America, nQueue Billback in 2011 launched in the United Kingdom, where it serves the EMEA market with 7 of the 20 largest law firms in the U.K. as clients. The company’s EBITDA is up 11% compared to the same period last year when calculated in U.S dollars, but is down 20% in Australian dollars due largely to exchange rates. Profit margins remain in excess of 30%.
In addition to solid revenue from the company’s core professional services targets, nQueue Billback also added its first-ever Fortune 500 client. “There is tremendous opportunity for all types of companies in capturing detailed expense information and putting that information to good use,” says Rick Hellers, nQueue Billback’s President and CEO. “There is enormous potential in companies to use our technology to increase efficiency and profitability, and enormous opportunity for us across many industries.”
For more information, please visit www.nQBillback.com.
nQueue provides software-based information accountability solutions to more than 35 percent of the largest 250 law firms in the United States, seven of the top 20 in the U.K., seven of the largest 35 in Australia, and five of the Top 10 globally. The company’s Cost Recovery (BillBack) solutions assist firms by enhancing the automation and processing of any operational and administrative expenses, including print, copy, scan, phone, fax, travel, court fees, research, overnight, courier costs, credit card charges and more on an extremely powerful platform. Its Document Scanning & Routing (ScanRoute) solutions enable firms to capture, format, route and control scans to reduce costs associated with document retention and retrieval. nQueue’s software offerings, branded iA® for Information Accountability, can be embedded directly into multi-function devices or reside on tablet computers or terminals to provide clients with the knowledge required to run their businesses more profitably. nQueue is a wholly owned subsidiary of Reckon Limited and is the only truly global cost recovery company. To learn more about nQueue and iA, please visit www.nQueue.com.
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