Sage Group PLC
24 May 2000
The Sage Group plc ('Sage')
Acquisition of Apex Software International Limited
Sage announces the acquisition of the entire share capital of Apex Software
International Limited ('Apex'), based in Eire, for £15.7* million in cash.
Apex provides PC based solutions for accountants in practice. This acquisition
combined with Sage's existing business in Eire, provides Sage with a market
leading position in this market.
* Using, for illustration purposes, an exchange rate of £1 = £1.278 Irish
Punts.
Enquiries:
The Sage Group plc 0191 255 3000
Paul Walker, Chief Executive
Paul Harrison, Finance Director
Web-site address: http://www.sage.com
Financial Dynamics 0207 831 3113
Jon Earl
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