Acquisition(s)

Acquisition of UK HR and payroll supplier The Sage Group plc ("Sage"), a leading global supplier of business management software solutions, announces the acquisition of Snowdrop Systems Limited ("Snowdrop") from its shareholders for an enterprise value of £17 million, paid in cash. Snowdrop provides leading human resources, personnel and payroll management software and related services to over 700 mid - sized businesses in the UK. The company, which was established in 1991, provides businesses with the software to automate and manage more effectively a broad range of HR activities including recruitment, personnel, pay and flexible benefits, e-HR, training and development and succession planning. In the full year to December 2006, Snowdrop reported revenues of £7.5 million and EBITA of £1.1 million. Paul Walker, Chief Executive of Sage comment ed, "The acquisition of Snowdrop brings to Sage a portfolio of HR and payroll software solutions for the UK mid - market, complementing our existing software solutions . " Sage will announce its interim financial results on Wednesday, 9 May. Enquiries: The Sage Group plc Tulchan Communications Paul Walker, Chief Executive Julie Foster Paul Harrison, Group Finance Stephen Malthouse Director Tel: + 44 (0) 20 7353 4200 Cynthia Alers, Investor Relations Director Tel: +44 (0) 0191 294 3068 Notes to editors: The Sage Group plc is a leading global supplier of business management software solutions and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and now employs over 13,000 people worldwide. Snowdrop Systems Limited was founded in 1991 by Human Resources and IT specialists to deliver effective software solutions to support the HR function. Snowdrop designs & develops solutions that manage the entire employee life-cycle from recruitment & personnel to training & development & succession planning. It has become one of the top suppliers of HR software & services and has enjoyed strong, stable growth. Snowdrop's clients include Pret A Manger, Ofcom and Wates Group.

Companies

Sage Group (SGE)
UK 100

Latest directors dealings