nQueue Billback Sets Revenue Record in First Half of 2011


Tempe, AZ (PRWEB) August 26, 2011

nQueue Billback, the leading provider of software-based cost recovery systems, today announced record revenue, building on the companys 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 couldnt 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 companys 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 companys 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 http://www.nQBillback.com.

About nQueue Billback

nQueue Billback provides software-based information accountability solutions to more than 35 percent of the largest 250 law firms in the United States, and five of the Top 10 globally. The company assists 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. nQueue Billbacks 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. To learn more about nQueue Billback and iA, please visit http://www.nQBillback.com.

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Ibrar Ayyub

Ibrar Ayyub is an experienced technical writer with a Master's degree in computer science from BZU Multan University. He has written for various industries, mainly home automation, and engineering. He has a clear and simple writing style and is skilled in using infographics and diagrams. He is a great researcher and is able to present information in a well-organized and logical manner.

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