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Sage announces its acquisition of native cloud HR solution, CakeHR

Acquisition of CakeHR adds cloud HR capability for small businesses to Sage Business Cloud.

Sage today announced it has acquired CakeHR, a native cloud solution that simplifies and automates HR tasks for small businesses, helping them drive productivity, and provide great experiences for their people. The acquisition builds out Sage Business Cloud, boosting Sage’s native cloud offering for small businesses, and advancing its SaaS vision.

CakeHR is an award-winning solution1 providing 27k users around the world with a set of easy-to-use cloud services that drive productivity and create transparency, including leave management, automation of the joining and leaving process, management of expenses approvals and paying employees. It also keeps them compliant with local legislation.

CakeHR’s open API capabilities allow for the integration of innovative services from the Sage marketplace, as well as with Sage’s Payroll solutions. It will continue to serve its customers across the world, before being offered to Sage’s existing customers in the UK in 2020, and its small, expert team joins Sage upon close of the deal.

Lee Perkins, Chief Product Officer at Sage, said:

“Building and acquiring great technology to help accountants and businesses focus on what matters most is a critical part of Sage becoming a great SaaS company.  CakeHR provides easy-to-use cloud-based HR services that help businesses drive productivity and provide great experiences for their people.  As with our recent acquisition of AutoEntry, we have been hugely impressed with the people and technology at CakeHR, particularly their ability to enable employees to self-manage, and are delighted to welcome them to Sage.”

Kaspars Upmanis, CEO of CakeHR said:

“By combining our experience and expertise with Sage, CakeHR will be able to further its vision of providing an easy-to-use, powerful, and always-accessible HR platform to any organization.

“This is an incredible opportunity to enable organizations to streamline their HR processes and continue to increase their employees’ productivity and work-life experience through our solution.

“HR deserves better. HR must be simplified. Joining the ranks of Sage has brought us closer to that goal than ever before.”

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