Feeds

Sage poised for huge Italian buy

New boss plots €650m bid

Build a business case: developing custom apps

The recently installed chief executive of Sage is planning a massive bid for Italian business management firm TeamSystem.

The deadline for bids is tomorrow but Sage looks likely to beat two private equity groups for control of the firm.

Sage will offer £542m (€650m), outbidding offers from private equity firms HgCapital and Cinven, the FT reports.

Sage's new chief executive, Guy Berruyer, who only took over in mid-July having previously run the accountancy specialist's European and Asian business, will presumably get the credit if the deal goes through, though we're guessing the bid has been in preparation for some time.

Sage said yesterday that trading was in line with expectations, and organic growth was strengthening.

The Newcastle-based company has made a series of buys in recent years, but all of these were on a much smaller scale.

TeamSystems makes enterprise resource planning, business intelligence, HR systems as well as storage and archiving products.

Earlier this week Reuters reported that Sage was itself the target of a takeover from Hitachi. ®

Bridging the IT gap between rising business demands and ageing tools

More from The Register

next story
NO MORE ALL CAPS and other pleasures of Visual Studio 14
Unpicking a packed preview that breaks down ASP.NET
Cheer up, Nokia fans. It can start making mobes again in 18 months
The real winner of the Nokia sale is *drumroll* ... Nokia
DARPA-derived secure microkernel goes open source tomorrow
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Put down that Oracle database patch: It could cost $23,000 per CPU
On-by-default INMEMORY tech a boon for developers ... as long as they can afford it
Google shows off new Chrome OS look
Athena springs full-grown from Chromium project's head
Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
Starting today, regular fanbois will be guinea pigs, it tells Reg
HIDDEN packet sniffer spy tech in MILLIONS of iPhones, iPads – expert
Don't panic though – Apple's backdoor is not wide open to all, guru tells us
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.