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Sage announces the acquisition of Intacct

Wednesday 25th July, 2017

Business software firm Sage plans to acquire Intacct Corporation, a leading provider of cloud Financial Management Solutions, based North America in a deal worth £654 million.

Intacct provides powerful cloud Financial Management Solutions targeted at growing businesses looking for rich financial and operational insight, process automation, seamless integration with their existing software, advanced features and a modern user experience.

Sage partners will now be able to grow their own businesses fully in the cloud with Sage. In the short term it provides Sage further platform for growth, with medium term aspirations for geographical expansion.

Intacct was recently named a Visionary by Gartner in its inaugural Magic Quadrant for Cloud Financial Management Suites for Mid-Size, Large and Global Enterprises (June 2017).

Commenting on the acquisition, Stephen Kelly, CEO of Sage, said: “The acquisition of Intacct supports our ambitions for accelerating growth by winning new customers at scale and builds on our other cloud-first acquisitions, strengthening the Sage Business Cloud. Intacct opens up huge opportunities in the North American market, representing over half of our total addressable market.”

 

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