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SGE The Sage Group Plc

1,192.00
-6.50 (-0.54%)
17 Mar 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
The Sage Group Plc LSE:SGE London Ordinary Share GB00B8C3BL03 ORD 1 4/77P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -6.50 -0.54% 1,192.00 1,189.50 1,190.50 1,203.50 1,185.50 1,202.00 1,959,840 16:35:06
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Prepackaged Software 2.33B 323M 0.3209 37.07 12.07B

Sage Group PLC - Acquisition

12/11/1999 2:42pm

UK Regulatory


RNS Number:7564A
Sage Group PLC
12 November 1999


      The Sage Group plc announces acquisition of Sesam for #11.1 million

The  Sage  Group  plc  ("Sage"), the leading supplier of accounting  software,
today  announces that it has completed the acquisition of Softinc Ltd, trading
as Sesam, based in Switzerland, for a cash consideration of #11.1 million.

Sesam  produces  PC accounting software, which it sells through  its  reseller
channel  to  small  and  medium-sized businesses based  in  Switzerland.   The
acquisition provides Sage with a market leading position in the Swiss  market.
In  the  year  to 31 December 1998, Sesam's turnover was #4.4 million  and  it
currently has an active customer base of 18,000.

Enquiries:

The Sage Group plc                  0191 255 3000
Paul Walker, Chief Executive        
Aidan Hughes, Finance Director      
Web-site address:                   
http://www.Sage.com
                                    
Financial Dynamics                  0171 831 3113
Giles Sanderson                     

END
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