December 23, 2020:
Today we announced to the market that Sage has entered into an agreement for the sale of Sage Asia and Australia to The Access Group
The sale excludes Sage’s global products Sage Intacct, Sage People, Sage X3, Sage 300, Sage CRM, Sage 50, Sage CRE and Sage Business Cloud Accounting that are part of its global growth strategy.
The Access Group provides a connected suites of back office industry-specific applications including mid-market Finance and HR/Payroll, eLearning, CRM, Care Management, Ticketing and ePos, in the UK and, more recently Asia Pacific. The company is owned by Hg Capital, TA Associates and management.
The firm has a history of acquiring and investing in market-leading companies. Their intention is to do the same with Sage Asia and Australia.
We expect the transaction to complete by the end of June, 2021.
Sage customers whose products remain part of the Sage Group, can count on our ongoing customer service, support and innovation as part of our commitment to help your business thrive.
For customers and partners of local products, The Access Group has a history of acquiring and investing in market-leading companies. This is an exciting opportunity to deliver focused investment to local product development and access a broader range of cloud solutions from a single provider.
During this pre-completion period it will be business as usual while we work through the business model with The Access Group. Our service and our commitment to our customers and partners will not change. We will update them as the process develops.
For further information contact:
Sally Toepfer, Communications Director
Sage Software Australia
0433 114 192