Feeds

Sage makes two niche buys

intro

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Sage has made two infill acquisitions, one in the UK and one in France. The accountancy software vendor is to pay £2.5 million upfront for the two companies: P.A.S.E. Ltd in the UK and Meteor SA in France. It will also pay up to £1 million for performance-related earnouts. The respective businesses are to be integrated into Sage Software Ltd in the UK and Sage France. Paul Walker, chief executive, said the companies were in line with "our policy of acquiring companies with substantial customer lists and products which can be linked to our accounting product ranges". P.A.S.E produces "simple Windows-based profit and cash flow forecasting software. It has more than 6,000 users and generated 800K turnover for the year to 31 March, 1998. Meteor is based in Paris and sells accountancy software to small to medium-sized businesses in France. It has more than 17,000 users and generated revenues of 900K for the year to 31 December 1997.®: Click here for more stories

The Essential Guide to IT Transformation

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.