June 25, 1999 |
Sage Software Inc., the British-owned accounting software firm, extended the lease on its corporate headquarters facility in the Irvine Spectrum for eight years on Thursday, and leased a 68,000-square-foot building nearby on Technology Drive. Financial details of the leases were not disclosed. The new space will help house the fast-growing company, whose staff in Irvine has grown 20% in the last year to about 400 employees. Cushman Realty Corp. acted as an advisor to Sage on the transaction.
November 25, 1999
* Mike Sage has stepped down as executive vice president and general manager of Sage Auto Group, the Los Angeles-based group of Nissan and Infiniti dealerships. He said he will become president and chief executive of Torrance-based Manhattan Projects, a newly formed software development company focused on customer relationship management issues for the auto industry. * Robert Washburn Jr. has been promoted to executive vice president, group publishing director of Weider Publications Inc.
March 4, 1998 |
Sage Group PLC said Tuesday it completed its tender offer for stock of accounting software maker State of the Art Inc. in Irvine. State of the Art will become a unit of Sage Group, which now owns 98.6% of the Irvine company's outstanding shares. The British firm, a leading provider of accounting software for small- to mid-size businesses in Europe, paid $22 a share for State of the Art's stock. The stock, which trades on the Nasdaq market, will be removed by the end of March, the company said.
July 1, 1999
David R. Butler, chief operating officer of Sage Software Inc., the Irvine subsidiary of Sage Group plc, will take on the additional position of president. Butler joined the company in April 1996 from Lawson Software, a provider of business management software. David W. Hanna will continue as chief executive of Sage Software.
June 2, 2001
Epicor Software Corp. in Irvine said it completed the sale of its Platinum for Windows line of business management software to Sage Software Inc. At the time the $7 million deal was announced May 21, Epicor said it was lowering its revenue estimates by about $2 million per quarter this year as a result of the sale. Sage Software, also based in Irvine, is a unit of Britain's Sage Group.
July 19, 1998 |
State of the Art Inc., the Irvine accounting software maker that merged with British firm Sage Group PLC this spring, said Friday that it has changed its name to Sage Software Inc. The U.K. company, the leading provider of accounting software for small- to mid-sized businesses in Europe, owns 98.6% of the Irvine company's outstanding shares.