Class acquires Topdocs
![Pen in hand overlaid on graph](https://financialnewswire.com.au/wp-content/uploads/pen_hand_graph-min.jpg)
Specialist self-managed superannuation funds and wealth technology solutions business, Class has announced its acquisition of Topdocs.
The company announced the Topdocs acquisition move at the same time as releasing its results to the Australian Securities Exchange (ASX) revealing record operating revenue of $54.9 million and a 15% increase in underlying earnings before interest, tax depreciation and amortisation of $21.9 million.
The company noted that its acquisition of Topdocs followed on from last year’s acquisition of NowInfinity and claimed that the company now had now become the clear market leader in the corporate compliance sector.
It said that following the Topdocs acquisition, Class now had more than 7,700 customers and trusted relationships with 81 of the top 100 Australian accounting firms.
The directors announced a fully franked dividend for the second half of 2.5 cents per share.
Commenting on the result, Class chief executive, Andrew Russell said it had delivered significant growth over the past two years and was on track with its transformation program.
Just wind them up please so the rest of the financial planning industry can move forward without an albatross around…
Compare the pair.
I have clients who have been told to produce evidence they are with cbus or else they can't work on…
Unionist were appointed to the Reserve Bank Board as some sort of pay off. You missed where the Wayne Swan…
It concerns me that only months ago the Government was considering giving Union based Industry Funds the power to advise…