ATLANTA (May 5, 2016) – Sage, the market leader for integrated accounting, payroll and payment systems, has announced a significant expansion of its partnership with Fairsail, a leading Human Capital Management (HCM) Cloud provider, built on the Salesforce1 platform.
Fairsail will become the cloud HCM platform of choice to accompany the Sage X3 Business Management Solution, which serves midsize enterprise businesses worldwide. Sage X3 and Fairsail products will work together to seamlessly provide companies with better processes to manage financials, supply chain, payroll, workforce and talent management, all in the cloud. This will be available to customers in the U.K. and U.S. initially, with further global rollout to follow.
Sage will also implement the Fairsail solution internally as its global, core HCM solution. This will provide its colleagues with state-of-the-art HR management to further enhance its workforce experience.
Alan Laing, EVP of partnerships and alliances for Sage, said, "As part of our ever-expanding network of partnerships and alliances, we are very excited to further develop our relationship with Fairsail. We are committed to providing customers with the solutions they need to compete and grow in today's global, digital economy. This complementary powerhouse of business management and HCM solutions will enable our customers to gain a competitive advantage."
"We are delighted to partner further with Sage, the world's leading software providers for Small & Medium businesses. The Fairsail cloud HR solution brings significant benefits to customer quickly, enabling businesses to remain agile and responsive," said Adam Hale, Fairsail CEO. "This investment will allow us to grow our customer success, product innovation and our fabulous team globally."
As part of the strengthened relationship, Sage will also make a minority investment and take a seat on the board. This signals a strong commitment from Sage to make the partnership a success and allows Fairsail to continue to invest in its product, go-to-market and customer-for-life capabilities worldwide.
As alliance partners, Sage is a sponsor of the Salesforce World Tour London on May 19. Salesforce and Fairsail will be present at Sage Summit, the world's largest gathering of entrepreneurs and leaders of Small & Medium Businesses, taking place in Chicago on July 25-28.
The announcement comes as Sage reports interim FY16 results showing double-digit recurring revenue growth of 10 percent for the first time this decade, supported by a 50 percent increase in the number of software subscriptions to 842,000, as customers embrace closer relationships with Sage. The results showed overall organic revenue growth of 6.2 percent and demonstrated operational progress against the five pillars of the Sage strategy.
Sage is a market leader for integrated accounting, payroll, and payment systems, supporting the ambition of the world’s entrepreneurs. Sage began as a small business in the U.K. 30 years ago, and over 13,000 colleagues now support millions of entrepreneurs, across 23 countries, as they power the global economy. We reinvent and simplify business accounting through brilliant technology, working with a thriving community of entrepreneurs, business owners, tradespeople, accountants, partners, and developers. And as a FTSE 100 business, we are active in supporting our local communities and invest in making a real difference through the philanthropy of the Sage Foundation.
Fairsail enables mid-size, multinational companies to manage modern workforces through its global cloud HRIS, transforming how organizations acquire, engage, manage and develop their people. Implemented quickly and simple to use, the award-winning system increases workforce visibility, HR productivity and provides better experiences across the entire workforce. Fairsail's customer portfolio includes Aveva, Betfair/TVG, Cobalt International Energy, Huddle, Mitsubishi UFG, SDL, Skyscanner, SolarWinds and Zipcar.