M&A Deal Summary

The Sage Group Acquires Intacct

On July 25, 2017, The Sage Group acquired internet software and services company Intacct for 850M USD

Acquisition Highlights
  • This is The Sage Group’s 3rd transaction in the Internet Software and Services sector.
  • This is The Sage Group’s largest (disclosed) transaction.
  • This is The Sage Group’s 11th transaction in the United States.
  • This is The Sage Group’s 4th transaction in California.

M&A Deal Summary
Date 2017-07-25
Target Intacct
Sector Internet Software and Services
Buyer(s) The Sage Group
Deal Type Add-on Acquisition
Deal Value 850M USD
Advisor(s) Morgan Stanley (Financial)
Fenwick & West (Legal)

Target

Intacct

San Jose, California, United States
website
Intacct Corp. is a provider of cloud financial management and accounting applications for businesses and CPA firms. Intacct Corp. was founded in 1999 and is headquartered in San Jose, California.

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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 32 of 35
Sector (Internet Software and Services) 3 of 3
Type (Add-on Acquisition) 27 of 29
State (California) 4 of 4
Country (United States) 11 of 13
Year (2017) 3 of 3
Size (of disclosed) 1 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-02 Paya

Dunwoody, Georgia, United States

Paya is a provider of payment processing and merchant-acquiring solutions in North America. The company provides credit card, ACH, check, gift, and loyalty card processing services to small and medium-sized businesses in the United States and Canada. Paya's payment solutions integrate with merchants' business management software solutions and enable them to securely accept electronic payments through multiple channels, including card-present, e-commerce, and mobile. Through the Company's EFT subsidiary, Paya offers specialized ACH processing services to merchants, processors, and other businesses. It serves a diversified client base of approximately 100,000 SMBs including healthcare providers, non-profit and faith-based organizations, and accounting software companies. Paya is based in Dunwoody, Georgia.

Sell £202M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-15 The Sage Group - Sage Payroll Solutions

United States

The Sage Group plc's Sage Payroll Solutions provides small and medium-sized companies with superior payroll solutions.

Sell -
Mergr

Product

Company

Legal