UK accounting software powerhouse Sage today announced plans to buy US rival State of the Art (SOTA) for £159 million ($263 million).
"The acquisition of SOTA represents an exciting opportunity for the Sage Group," said Michael Jackson, chairman of the Newcastle-based company.
"SOTA has excellent products, a powerful value added reseller network and a substantial customer base. Sage's expertise in brand management, product marketing and channel management together with SOTA's leading position in the US PC accounting software market provides us with a strong platform from which to grow our US business substantially."
Tech Industry
Tech Industry
New study finds tech elites view the world with more meritocracy
But the same group also denies there is a connection between democracy and money.
Are you being overcharged by clever AI? Watchdog looks at whether algorithms hurt competition
More rules are needed to make sure companies don't use algorithms to harm consumer rights.
APAC firms adopting homemade tech products for local knowledge
Some 65% of businesses in the region have adopted at least one Asian-made technology product, with another 72% describing vendors from the region as better providers for their understanding ...
Facebook and Google are still fighting Australia's Media Bargaining Code
Respectively calling it 'one-sided' and 'unworkable', while Twitter has raised its own concerns with the Bill as the companies prepare to face future implications of any agreement. ...
Naver acquires storytelling platform Wattpad for $600 million
Naver will secure 160 million monthly users for its content business through the acquisition.
Fujitsu to redesign Singapore office to support flexible working
The company's 500 Singapore-based employees will also have the option to work remotely 90% of the time.
Web inventor concerned new Australian code breaches internet's fundamental principle
Tim Berners-Lee says requiring a charge for a link on the web blocks an important aspect of the value of web content.
Still talking to Cortana? Microsoft gives you more control over how your voice recordings are used
Microsoft still wants to re-use your voice clips, but will now ask for permission first.
GitHub admits ‘significant error of judgment’ in firing employee over Capitol 'Nazi' comments
GitHub’s head of HR has resigned over the matter.
Join Discussion