The Sage Group snaps up Seattle software developer Lockstep Sage THE SAGE Group, the UK’s largest tech company, has acquired Seattle software developer Lockstep as part of its ongoing efforts to capitalise on the fast-paced growth of cloud computing. The takeover deal will see Sage – a major developer of accounting, HR, and payroll technology – snap up accounting software company Lockstep for an undisclosed sum. [...]
Sage revenues jump as firms plough cash into cloud Sage Software giant Sage Group said revenues had jumped to £1.3bn today as firms continue to plough cash into digital transformation projects sparked by the pandemic.
Overhaul tax system to boost firms’ tech investment, says Sage boss Tech investment The boss of British software giant Sage has called for an overhaul of the UK’s tax system to boost firms’ investment in digital growth and tech infrastructure.
Untapped tech adoption could boost UK economy by £232bn annually June 8, 2022 Accelerated digitalisation of British small and medium firms would inject £448bn into the UK economy, according to fresh research from Sage. With small and medium businesses’ (SMBs) tech usage currently contributing £216bn to the UK economy, the FTSE 100 firm found that SMBs could add an extra £232bn if technology was fully utilised across the [...]
Sage records ‘strong start to year’ despite investor uncertainty January 26, 2022 The Sage Group makes a “strong start to year”, with software subscription revenue growth up by 13 per cent to £336m, increasing subscription penetration to 73 per cent.
Software firm Sage Group snaps up remaining stake in Brightpearl for £225m December 20, 2021 British software firm Sage Group said this morning that it will buy the remaining 83 per cent stake in cloud-based software provider Brightpearl it does not already own for about $299 million (£227m).
Sage reports 10 per cent profit drop as it gears up for scaling November 17, 2021 Accounting software company Sage reported a 10 per cent drop in full-year organic operating profit to £343m as investment in its cloud offer squeezed its margin to 19.3 per cent from 22 per cent a year ago.
City Moves: Who’s switching jobs in the Square Mile this week? May 19, 2021 City A.M.‘s Millie Turner provides a roundup of the most important hires and job moves across the City, every Wednesday afternoon. Email citymoves@cityam.com to be featured. Ex Co-op CEO joins Boomin’s board Property site Boomin has bagged itself a retail veteran this week, who is set to join the board as a non-executive director at its next [...]
Sage Group’s profits take a tumble but share price up on recurring revs spike May 14, 2021 Software giant Sage Group’s pre-tax profits sank 31 per cent to £190m in the first half of its financial year, as it wired investment towards its cloud software and took a hit from a fall in disposals. The group’s revenue also fell by 4 per cent to £937m, in the six months to the end [...]
Sage delivers strong performance as revenue continues to expand January 21, 2021 Sage Group has today announced that quarterly business was in line with expectations as recurring revenue surpassed £400m. Recurring revenue increased by 4.7 per cent to £408m, supported by software subscription growth of 11.3 per cent to £303m. The software company’s total group revenue rose by 1.4 per cent to £447m, reflecting its successful strategic [...]