• Text size      
  • Send this article to a friend
  • Print this article

IT group buys software firm

BUSINESS IT group Sage has bought the German payroll software business Exact for £12.9 million.

That makes Newcastle-based Sage one of the leading players in the market in Germany with revenues approaching £26 million.

Exact is said to provide services to 3,400 small to medium-sized businesses.

Alvaro Ramirez, chief executive of Sage Europe said: "We are excited about the growth opportunity that the combination of Sage and Exact creates for our German business."

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.