Business - Sage scuppers Multisoft line
With the closure of its Alton, Hampshire, office last week, Newcastle-based PC accounts software house SageSoft signalled the end of the line for the former Multisoft family.
A spokesperson said the 40 or so staff based at Alton were all offered jobs at Sage headquarters. But at the same time, Sage announced its intention to ship Acuity Applications from its new US subsidiary, State of the Art (SOTA), into the UK.
Acuity has ousted its software sibling as the main multi-user, client/server application in the Sage family. SageSoft MD Graham Wylie said the Acuity Applications were being localised to cope with VAT and UK accountancy practice, and that the company hoped to announce a shipment date in the near future.
A successful mid-range company in its own right during the 1980s, Multisoft was taken over by Sage and last year absorbed into the parent group as Sage Multisoft. When Sage rebranded its product range early this year, the multi-user Multisoft code was lined up to be revitalised as Sage Line 200, but executives admitted to continuing problems in delivering a revitalised, Windows NT-compatible version.
As a leading supplier of software in North America, the SOTA acquisition boosted Sage’s expansion plans in the US. It now appears to have helped the company short-circuit its long-term strategy to move upmarket.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article