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The Sage Group history
The Sage Group company history timeline
By 1989 the company employed 50 people, annual turnover had risen to £9 million and profits were £2 million.
The Company was first listed on the London Stock Exchange in 1989.
1992: Telemagic (USA), Ciel (France), and Dataform (UK) are acquired.
In 1993 the company recorded an operating profit in the U.K. of £5 million, up 18 percent on the previous year.
In 1994 Paul Walker was appointed Chief Executive.
1995: Sybel (France) is acquired.
Sage took a short break from acquisitions in 1996, then continued the next year by snapping up KHK, Germany's largest single vendor of PC accounting software, and Carpe Diem in the United States.
He had seen The Sage Group adopted as the company's global brand, and profits rise to £37.6 million, up 25 percent from 1996, from a turnover of £152.1 million.
1997: The Sage Group brand is adopted and launched in France and Germany.
In 1998 Sage’s Professional Accountants Division was established.
In early 1998, Sage took over State of the Art, a California-based company producing PC software for mid-sized companies, for $263 million, and so gained an important strategic presence in the United States market.
State of the Art in the United States was renamed Sage Software Inc. in 1998.
1998: State of the Art (USA), PACS (UK), and PASE (UK) are acquired.
In May 1999 Sage announced the Internet strategy that was to become a core element of its business operations.
In 1999 Sage entered FTSE 100 and launched a dedicated Irish division, based in Dublin as well as its e-business strategy.
David Goldman died in 1999.
Figures for 1999 showed the group's turnover had increased by 60 percent to £307 million, and pretax profits had grown by 56 percent to £74.3 million.
The acquisition in May 2000 of Apex Software, which supplied software packages to accountants, gave Sage a strong presence in Ireland.
In 2000 Sage shares were named ‘best performing share of the 90s’ in the UK business press.
In the spring of 2000, the high-tech industry, particularly in the United States where much of the group's expansion had been focused, was hit by a sudden downturn, with many e-commerce companies going out of business and stock prices sinking.
Early in 2001, a small British firm, TAS Software, was snapped up.
In 2003 at age 43 Graham Wylie retired with 108.5 million shares in Sage worth £146m.
On 19 April 2010, Sage announced that its CEO, Paul Walker, had indicated an interest in stepping down from his position, which he had held for 16 years.
On 1 October 2010 Guy Berruyer became CEO of Sage Group; Berruyer had previously been CEO of Sage’s Mainland Europe & Asia operations.
In September 2012, through its subsidiary Folhamatic Tecnologia em Sistemas S.A. (Folhamatic), it acquired EBS Empresa Brasileira de Sistemas Ltda.”
On February 15, 2013, Sage announced that Accel-KKR intended to buy Sage Nonprofit Solutions, the division of Sage that produces software designed for nonprofit organizations and governmental agencies.”
In August 2014, Sage announced that Guy Berruyer would retire.
In September 2014 the company announced the acquisition of PayChoice for $157 million.
Stephen Kelly, the UK government's former chief operating officer, became Group CEO in November 2014.
In March 2017, Sage Group also acquired Fairsail, a Human Capital Management (HCM) cloud-based platform.
In July 2017, Sage purchased Intacct for $850M.
In March 2020, Sage announced that it is offloading its Brazil operations to the president of the local business, Jorge Carneiro, in a deal estimated to be valued at £1 million with an additional deferred consideration of up to £9 million.
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The Sage Group competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Bcti | - | $170,000 | 75 | - |
| ISIS | 2007 | $400,000 | 50 | 6 |
| AIM Institute | 1992 | $4.1M | 27 | - |
| SADA | 2000 | $28.0M | 914 | 10 |
| Certifications | - | - | - | - |
| MGRM Group | - | $28.0M | 3,000 | - |
| Washington Technology Industry Association (WTIA) | 1984 | $3.0M | 148 | - |
| EKS Group | 2006 | $2.8M | 13 | 1 |
| NetCom Learning | 1998 | $17.5M | 286 | - |
| Technical Training Inc | 1980 | $370.0M | 1,800 | - |
The Sage Group history FAQs
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