The Sage Group plc ("Sage") today announces an agreement to acquire Compass, a highly innovative analytics and benchmarking platform, currently providing thousands of ecommerce businesses worldwide with unique and actionable insights to help them grow and improve their performance.
Compass’ platform and talented team will help accelerate Sage’s drive to level the playing field between small businesses and ‘big business’ by providing its customers with high quality analytics and real-time actionable insight, using the power of big data.
Frank van Baar, EVP Data Science at Sage, said: “Small businesses are the heroes of the economy, creating 2/3rds of all jobs. The fact that so many fail within their first year is a huge risk to the future health of the global economy. Last year we launched the Sage Forum for Business Builders, promising to bring greater insight to businesses around the world. This acquisition is a key building block in delivering that promise.”
Bjoern Lasse Herrmann, CEO of Compass said: “At Compass we built the largest ecommerce information network empowering merchants to learn from each other. We are excited to join forces with Sage to drive our shared vision of helping businesses to unleash their growth potential.”
Sage is the market and technology leader for integrated accounting, payroll and payment systems, supporting the ambition of entrepreneurs and business builders. Today, business builders measure success in strong relationships, partnerships, and communities. It‘s why Sage helps drive today’s business builders with the most intelligent and flexible cloud-enabled software, support and advice to manage everything from money to people. Daily, more than 13,000 Sage colleagues in 23 countries work with a thriving global community of over 3 million entrepreneurs, business owners, tradespeople, accountants, partners and developers to champion the success of business builders everywhere. And as a FTSE 100 business, we are passionate about doing business the right way, supporting our local communities through the Sage Foundation.
Sage – the market and technology leader for integrated accounting, payroll and payment systems, powered by the cloud and supporting the ambition of the world’s entrepreneurs and business builders. Because when business builders do well, we all do.