Sage makes big acquisition
Sage spends nearly £80m on French software company
Sage has made one of its biggest acquisitions in several years, with the
purchase of French management software provider Adonix.
The cash deal, worth £78.4m, is Sage’s biggest buy since acquiring Interact
for over £180m in 2001.
Paul Walker, Sage chief executive, said that the purchase would enable Sage
to a stronger product suite to existing customers in the mid-market.
Adonix is a vendor of a suite of advanced business management solutions for
mid-market businesses, including industry-specific software for real estate and
manufacturing. It has approximately 5,000 customers.