GetBusy, traded on London's Alernative Investment Market, also owns Virtual Cabinet, which had 39,000 customers at the end of June, 2,000 of those added during the half. Reckon said before the spin out it would eventually merge the two products.

In a prepared statement, Daniel Rabie, GetBusy CEO Daniel Rabie outlined the company's product plans, including moving Virtual Cabinet to a SaaS model

"Our next generation product, presently called SCIM, will seek to combine document management with key additional communication functionality that businesses require, but which is currently spread across multiple systems, including messaging, quotes, invoices and tasks capture," Rabie wrote.

The report also notes that "once developed, the SCIM product is expected to be able to leverage the Group's existing customer base and global infrastructure in place."

GetBusy's first half revenue hit about $5.9 million, an increase of 24 percent over the prior year's first half. EBITA of slightly more than $1 million was 122-percent higher than in last year's corresponding period.

Bob Scott

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Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind