Feeds

Softline agrees Sage bid

Sage Brush

  • alert
  • submit to reddit

Softline, the South African-owned accountancy software firm has agreed an offer from Sage valuing the company at £66m (including its cash reserves of £11.1m).

Sage tabled the bid last month, when it became clear that a proposed management buyout had failed to get off the ground. Dutch rival Exact also expressed an interest in buying Softline.

The deal has a couple of hurdles to clear: shareholders vote on the offer on September 23, and it also needs regulatory approval. Neither should present a problem. ®

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Protecting users from Firesheep and other Sidejacking attacks with SSL
Discussing the vulnerabilities inherent in Wi-Fi networks, and how using TLS/SSL for your entire site will assure security.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.