Sage Group PLC - Acquisition
November 12 1999 - 8:42AM
UK Regulatory
RNS Number:7564A
Sage Group PLC
12 November 1999
The Sage Group plc announces acquisition of Sesam for #11.1 million
The Sage Group plc ("Sage"), the leading supplier of accounting software,
today announces that it has completed the acquisition of Softinc Ltd, trading
as Sesam, based in Switzerland, for a cash consideration of #11.1 million.
Sesam produces PC accounting software, which it sells through its reseller
channel to small and medium-sized businesses based in Switzerland. The
acquisition provides Sage with a market leading position in the Swiss market.
In the year to 31 December 1998, Sesam's turnover was #4.4 million and it
currently has an active customer base of 18,000.
Enquiries:
The Sage Group plc 0191 255 3000
Paul Walker, Chief Executive
Aidan Hughes, Finance Director
Web-site address:
http://www.Sage.com
Financial Dynamics 0171 831 3113
Giles Sanderson
END
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