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February 4, 1999 | Jonathan Gaw
England-based Sage Group PLC has agreed to spend $145 million to purchase accounting software firm Peachtree Software, which will then become part of Sage's Irvine-based subsidiary, the companies said Wednesday. Atlanta-based Peachtree will fill out Sage Software Inc.'s line of accounting software with an accounting package targeted at small businesses and sold through retailers. Peachtree, a subsidiary of Automatic Data Processing Inc.
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BUSINESS
April 29, 2009 | Times Wire Reports
Microsoft Corp. plans to offer a 50% discount to customers who switch to its accounting and finance software from rival Oracle Corp. and Sage Group programs. The customers also will be eligible for a 25% rebate, up to $25,000, the company said. The offer is available to customers switching from Oracle's JD Edwards EnterpriseOne or Sage's MAS 90 or MAS 200. Microsoft, the world's largest software maker, aims to win over more small-business application customers -- a market the company has been trying to crack since 2001.
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BUSINESS
June 25, 1999 | P.J. Huffstutter
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.
BUSINESS
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.
BUSINESS
April 29, 2009 | Times Wire Reports
Microsoft Corp. plans to offer a 50% discount to customers who switch to its accounting and finance software from rival Oracle Corp. and Sage Group programs. The customers also will be eligible for a 25% rebate, up to $25,000, the company said. The offer is available to customers switching from Oracle's JD Edwards EnterpriseOne or Sage's MAS 90 or MAS 200. Microsoft, the world's largest software maker, aims to win over more small-business application customers -- a market the company has been trying to crack since 2001.
BUSINESS
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.
BUSINESS
March 4, 1998 | Dow Jones
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.
BUSINESS
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.
BUSINESS
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.
BUSINESS
July 19, 1998 | P.J. Huffstutter
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.
BUSINESS
June 25, 1999 | P.J. Huffstutter
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.
BUSINESS
February 4, 1999 | Jonathan Gaw
England-based Sage Group PLC has agreed to spend $145 million to purchase accounting software firm Peachtree Software, which will then become part of Sage's Irvine-based subsidiary, the companies said Wednesday. Atlanta-based Peachtree will fill out Sage Software Inc.'s line of accounting software with an accounting package targeted at small businesses and sold through retailers. Peachtree, a subsidiary of Automatic Data Processing Inc.
BUSINESS
February 15, 2000 | P.J. Huffstutter
The Sage Group PLC, Britain's biggest maker of accounting software, on Monday completed its acquisition of Best Software Inc. for $445 million. The U.K. group, which runs its U.S. operations out of Irvine, paid $35 a share in cash for Best, a Virginia maker of accounting and financial software applications for the Web. No layoffs are expected at Best, which operates as a wholly owned subsidiary of the British firm. Sage had $499 million in sales last year; Best reported annual revenue of $91.
BUSINESS
December 24, 2003 | From Associated Press
Best Software Inc. said it would pay $110 million in cash to acquire Accpac International Inc., another maker of software applications designed for small and medium-size businesses. The deal unites two software makers that operate as subsidiaries of larger companies. Irvine-based Best Software is owned by England-based Sage Group. Pleasanton, Calif.-based Accpac is controlled by Islandia, N.Y.-based Computer Associates.
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