M&A Deal Summary

The Sage Group Acquires Mateo

On April 22, 2022, The Sage Group acquired software company Mateo from MAS Integrated Solutions

Acquisition Highlights
  • This is The Sage Group’s 29th transaction in the Software sector.
  • This is The Sage Group’s 12th transaction in the United States.
  • This is The Sage Group’s 1st transaction in Maine.

M&A Deal Summary
Date 2022-04-22
Target Mateo
Sector Software
Buyer(s) The Sage Group
Sellers(s) MAS Integrated Solutions
Deal Type Divestiture

Target

Mateo

Scarborough, Maine, United States
Mateo is an operator of a cloud-based Roman Catholic diocesan savings and loans solutions platform. Mateo is based in Scarborough, Maine.

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Buyer(S) 1

Buyer

The Sage Group

Newcastle upon Tyne, United Kingdom

website

Category Company
Founded 1981
Sector Software
Employees11,647
Revenue 1.9B GBP (2022)
DESCRIPTION
Sage office in Reston, Virginia.
Sage office in Reston, Virginia.

Sage Group is a provider of business management software and services for small and medium sized businesses. Sage was founded in 1981 and is based in Newcastle upon Tyne, the United Kingdom.

DEAL STATS #
Overall 34 of 35
Sector (Software) 29 of 29
Type (Divestiture) 4 of 4
State (Maine) 1 of 1
Country (United States) 12 of 13
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-05 GoProposal

Manchester, United Kingdom

GoProposal is a provider of proposal management software for small and mid-sized accountancy firms. GoProposal helps accounting and bookkeeping businesses in the UK, Canada, US and Australia grow more profitably by providing a complete client onboarding system, focused on automated pricing, proposal, and engagement letter solutions. GoProposal was founded in 2016 and is based in Manchester, England.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Lockstep

Seattle, Washington, United States

Lockstep connects the world’s accounting teams to help them work better together by developing tools and platforms to automate workflows between the accounting systems that are at the heart of all businesses. For developers, the company's API is the easy, modern platform for building fintech applications that work with their customers’ accounting systems. For accounting teams, Its applications automate accounts receivable and account payable workflows improving efficiency and cash flow. Lockstep is based in Seattle, Washington.

Buy -

Seller(S) 1

SELLER

MAS Integrated Solutions

Scarborough, Maine, United States

website

Category Company
Sector Software
DESCRIPTION

MAS Integrated Solutions provide businesses with software and connectors on a modern cloud-based platform. MAS Integrated Solutions helps Roman Catholic diocesan organizations to digitally transform their finances. MAS Integrated Solutions is based in Scarborough, Maine.

DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Maine) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Mergr

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Company

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