Microsoft demands Sage talks
Microsoft has reacted angrily to Sage's opposition of its proposed £1bn acquisition of Navision - and called for showdown talks with directors of the accounting software giant.
It was today revealed by AccountancyAge.com that managers and lawyers of UK accounting software giant Sage are lobbying European Union competition authorities in an attempt to prevent Microsoft’s acquisition.
It has subsequently been revealed the Sage delegation has also engaged in talks with the UK’s Office of Fair Trading over the issue.
Sage is challenging the move on the grounds that it is anti-competitive. However, Microsoft has demanded talks with Sage, which has long been a Microsoft partner. The rift could jepoardise the relationship between the two giants.
A Microsoft spokesperson, told AccountancyAge.com: ‘We are disappointed that Sage had decided to intervene with the Danish Competition Authority to oppose our proposed acquisition.
‘Sage is a long-standing Microsoft partner and we respect and value our relationship with them. We would welcome the opportunity to speak directly with the Sage directors to better understand and listen to their concerns.
‘We are confident that the acquisition is in full compliance with EU law including Denmark, and look forward to completing the deal as anticipated this summer.’
Meanwhile, Eduardo Loigorri, managing director of Exchequer Software, added: ‘Whilst Sage is only echoing the thoughts and fears of other vendors, a free market is a free market and the past has shown you cannot buck it.
‘The best response amongst the smaller players is to capitalise on their independence, which enables them to offer a more innovative product, and more personalised customer service and support.’