TechnologyAccounting SoftwareSage makes big acquisition

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.

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