Sage moves on mid-market rival Accpac
Accountancy and business software developer Sage shook up the City with the announcement on 23 December that it had agreed to acquire Accpac International for £62.5m from Computer Associates.
The deal has been led by Sage's US subsidiary Best Software and is due to be completed by the end of February, subject to regulatory approval.
The company stated that Accpac will help it establish Sage a market-leading position in Canada and strengthen its offering for "larger SMEs" in the US.
Accpac is the developer of the Advantage Series, a scalable, multi-platform ERP suite that includes good f