7 January 2002
Sage acquires Concept Group in France
Acquisition brings treasury and cash management solutions to mid-market
customers
The Sage Group plc ('Sage'), a leading provider of accounting and business
management solutions for small and medium-sized businesses, has acquired
Concept Group in France for £4.7m in cash, with additional deferred payments of
up to £1.8m over the next three years, dependent on Concept Group receiving
certain royalties on new distribution agreements.
Concept Group, based in Paris, provides treasury, cash management and financial
consolidation solutions to small and medium-sized businesses, principally in
France. In the year to 31 December 2001 it reported annual turnover of £9.7m.
Its products will be marketed to Sage's existing installed base of French small
and medium-sized businesses as a complement to their existing Sage accounting
solutions. In addition, the acquired Concept customer base will benefit from
the full range of Sage products.
Sage is, in all its markets, expanding its portfolio of complementary products
either by acquisition or by in-house product development. Other existing
complementary Sage products include fixed assets, human resources, cash flow
forecasting, contact management and sales force automation.
Enquiries
The Sage Group plc 0191 255 3000 Financial Dynamics 020 7831 3113
Paul Walker, Chief Executive Giles Sanderson
Paul Harrison, Finance Director Harriet Keen
Phil Branston, Investor Relations
Notes to editors
The Sage Group plc is a leading international supplier of accounting and
business management software solutions and related products and services for
small to medium-sized enterprises. Formed in 1981, Sage was floated on the
London Stock Exchange in 1989 and the Group now employs over 5,000 people
worldwide.
Concept Group comprises Concept SA, CSD SA and Exag SA.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.