Tempe, Ariz., August 7, 2012 – nQueue Billback, the leading provider of software-based cost recovery and expense management systems, today announced strong revenue for the second quarter of 2012. This follows record bookings in the first quarter of 2012. The company also announced an increasing number of clients taking advantage of its “Buy-It-Once Guarantee” to migrate to upgraded and updated products.

Since the beginning of 2012, more than 12 firms have signed to migrate from legacy products to iA® software. Additionally, 14 firms have upgraded their existing iA Enterprise Platform to the most current version and a dozen more have committed to moving to the newest versions of iA Print Manager (v2.0) and/or iA Tablet (v5.0) as soon as they become available, beginning with beta testing this month.

“The rapid migration of our clients to new and updated products is a testament to the ability of those products to support new trends in cost recovery, such as increased management and control,” said Rick Hellers, President and CEO of nQueue Billback. “As today’s firms wish to do much more than simply ‘make a copy and bill for a copy,’ our products continue to evolve in order to help them capture more data and use it to make better decisions and reduce costs throughout the firm.”

nQueue Billback’s Buy-It-Once Guarantee allows clients to receive all product updates and upgrades at no charge. “Our Buy-It-Once Guarantee enables all clients to always have access to leading-edge technology that supports all their requirements,” said nQueue Billback Senior Vice President John Gilbert. “They always receive the full value of our technology even as their needs evolve over time.”

The company also announced it has reached a definitive agreement for majority investor Reckon to acquire its remaining equity, with nQueue Billback’s management team taking over leadership of Reckon’s legal business in Australia.

For more information, please visit www.nQBillback.com.