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Home > Company Index > Computer Software & Services > Corporate, Professional & Financial Software > The Sage Group plc

The Sage Group plc
 NEWS FROM THE STANDARD
Deals: Sell Out, Buy Back
Jun 25 2001 12:00 AM PDT

 PROFILE
The Sage Group is wise to accounting. One of the world's largest providers of accounting and payroll software, Sage has expanded its product lines for small and medium-sized businesses through an aggressive international acquisition strategy. Its offerings include Sage Instant Accounting, Sage Premier, and Sage Line 50. The company also develops payroll, billing, contact management, and related software. It distributes its products primarily through a network of about 30,000 resellers. Sage designs its software to suit accounting laws and practices in different countries. The company is moving into e-commerce and Web site hosting and is making itself into an application services provider.

 COMPETITION
Intuit Inc. (INTU)
Lawson Software, Inc. (dossier)

 DEALS
Deal: Interact Commerce Group Merges With Sage Group for $260 Million
Date Announced: 03.28.01
Value of transaction (US $Mil): 260
Description: Relationship management software provider merges with small business software developer for $260 million in stock and cash.

 FINANCIAL OVERVIEW
Fiscal Year-End: September
2000 Sales (mil.): 602.90
1-Yr. Sales Growth: 19.3%
Employees: 4,642
Revenue per employee: $129,879.36

 KEY PEOPLE
• Paul Walker
    CEO
• Paul Harrison
    CFO

 CONTACT INFO
Sage House, Benton Park Rd.
Newcastle upon Tyne NE7 7LZ, United Kingdom
Phone: 44-191-255-3000
Fax: 44-191-255-0308
Online: Web Site

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