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| 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 |
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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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