Feeds

Sage gets upclose to personnel with KCS buy

Spends £20m to increase SME market share

Providing a secure and efficient Helpdesk

Acquisition-happy accounts software firm Sage has gobbled up UK-based finance and HR software supplier KCS Global Holdings for £20m.

The cash-only deal is the latest in a series of buy-outs made by Newcastle-based Sage, which is the only British software firm listed on the FTSE 100.

The firm said that by combining the KCS acquisition with HR and payroll specialist Snowdrop, which Sage bought earlier this year, it hoped to capture a larger share of the SME market.

Sage CEO Paul Walker said: "This acquisition represents an excellent opportunity for Sage to consolidate its position as one of the leading suppliers in this sector and complements our acquisition of Snowdrop earlier this year."

Surrey-based KCS, which also has offices in Birmingham and Suffolk, has a number of well-known British clients on its books including Specsavers and Paul Smith.

In the past year Sage, which earlier this month ripped a hole in its US management team, has been on a sizeable spending spree with the acquisition of a number of companies including French outfit XRT and Swiss firm Pro-Concept SA.

Shares in Sage are currently trading at 241.25 pence on the London Stock Exchange, no change on the previous close. ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
'Cowardly, venomous trolls' threatened with TWO-YEAR sentences for menacing posts
UK government: 'Taking a stand against a baying cyber-mob'
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Arab States make play for greater government control of the internet
Nerds told to get lost in last-minute power grab bid at UN meeting
Zippy one-liners, broken promises: Doctor Who on the Orient Express
Series finally hits stride, but Clara's U-turn is baffling
Don't bother telling people if you lose their data, say Euro bods
You read that right – with the proviso that it's encrypted
Apple SILENCES Bose, YANKS headphones from stores
The, er, Beats go on after noise-cancelling spat
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Win a year’s supply of chocolate
There is no techie angle to this competition so we're not going to pretend there is, but everyone loves chocolate so who cares.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.