The Sage Group plc (Sage) announced its acquisition of Intacct Corporation (Intacct) on Aug. 3, 2017.
Sage is a UK-based company that has gained success in offering their financial management products to small companies in more than 20 countries.
Intacct has been recognized as one of the fastest growing solutions for mid-market, large, and global companies in North America and is an AICPA preferred partner.
Moving forward, Intacct will be known as Sage Intacct.
Stephen Kelly, CEO of Sage, said this about the purchase, “The acquisition of Intacct supports our ambitions for accelerating organic growth by winning new customers at scale and builds on our cloud-first acquisitions, strengthening our integrated suite of cloud solutions.”
Tom Rosenbach, managing partner of Beene Garter, is confident about the acquisition.
“Businesses are looking for flexible systems that can automate their back office processes,” he said. “We’ve already seen Intacct change the way our clients handle their finances – they have better financial insights about their business at any given moment.”
As two major players in the financial technology marketplace, the acquisition combines two industry leaders that will likely continue to revolutionize and drive the financial management software landscape.
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