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M&A Deal Summary

Sage Acquires GoProposal

On October 5, 2021, Sage acquired software company GoProposal for 13M GBP

Acquisition Highlights
  • This is Sage’s 28th transaction in the Software sector.
  • This is Sage’s 18th largest (disclosed) transaction.
  • This is Sage’s 7th transaction in the United Kingdom.

M&A Deal Summary
Date 2021-10-05
Target GoProposal
Sector Software
Buyer(s) Sage
Deal Type Add-on Acquisition
Deal Value 13M GBP
Advisor(s) Shaw & Co (Financial)

Target

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.

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Buyer(S) 1

Buyer

Sage

Newcastle upon Tyne, United Kingdom
Category Company
Founded 1981
Sector Software
Employees11,647
Revenue 2.2B GBP (2023)
DESCRIPTION
Sage office in Reston, Virginia.
Sage office in Reston, Virginia.

Sage provides 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 33 of 35
Sector (Software) 28 of 29
Type (Add-on Acquisition) 28 of 29
Country (United Kingdom) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 18 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Symfonia

Warsaw, Poland

Symfonia is a provider of cloud business management solutions for SMEs. Symfonia offers four best-in-class products (Symfonia 50Cloud, Symfonia ERP, Symfonia Kadry i Płace One Payroll, and Symfonia Start) to a diversified base of loyal clients. Symfonia recently transitioned from a licensing model to a subscription model, achieving robust top-line growth and enhanced profitability. Symfonia was founded in 1995 and is based in Warsaw, Poland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-22 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.

Buy -
Mergr

Product

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