Feeds

Sage sells off US healthcare biz

UK software firm offloads US unit, gives back to its shareholders

Beginner's guide to SSL certificates

British software firm Sage is selling off its US healthcare unit to a private equity firm for £205m so it can focus on its core American customer base.

The proceeds from the sale will be given back to shareholders through a share buyback programme, the Geordie small business provider said. The sale is expected to be completed in November this year.

"The sale of Sage Healthcare allows management in the North American region to focus on the considerable opportunities that exist within our core US customer base," Sage chief exec Guy Berruyer said in a canned statement.

In May, Sage announced that it had returned to growth for the first time in a year or so as small businesses started to recover from the economic downturn. At the same time, the software outfit said it was continuing to look for acquisition opportunities.

Sage tried to get its hands on Australian accounts provider Mind Your Own Business (MYOB), but lost out to private investment firm Bain Capital in August over fears it wouldn't be able to get shareholder approval. ®

The next step in data security

More from The Register

next story
Phones 4u slips into administration after EE cuts ties with Brit mobe retailer
More than 5,500 jobs could be axed if rescue mission fails
JINGS! Microsoft Bing called Scots indyref RIGHT!
Redmond sporran metrics get one in the ten ring
Driving with an Apple Watch could land you with a £100 FINE
Bad news for tech-addicted fanbois behind the wheel
Murdoch to Europe: Inflict MORE PAIN on Google, please
'Platform for piracy' must be punished, or it'll kill us in FIVE YEARS
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Found inside ISIS terror chap's laptop: CELINE DION tunes
REPORT: Stash of terrorist material found in Syria Dell box
Sony says year's losses will be FOUR TIMES DEEPER than thought
Losses of more than $2 BILLION loom over troubled Japanese corp
Bono: Apple will sort out monetising music where the labels failed
Remastered so hard it would be difficult or impossible to master it again
prev story

Whitepapers

Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
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?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.