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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.
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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
December 13, 2005 | From Associated Press
Wyoming-based Corral West Ranchwear has been bought by a Los Angeles-based private equity firm that plans to help expand the clothing chain into the work wear market. Sage Capital Partners was expected to announce this week that it had acquired controlling interest in Corral West, which operates 95 Western-inspired clothing stores and employs 1,000 people, mostly part time. Sage Capital Partners did not disclose the purchase price, saying only that it had bought more than 60% of Corral West.
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
January 28, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Accounting software maker State of the Art Inc. said Tuesday that it is being bought for $263 million in cash by a rival based in the United Kingdom. The Sage Group PLC, the European leader in accounting software for small- to mid-sized businesses, will pay $22 a share--or 33% more than Monday's closing price of $16.50--for the Orange County firm. Wall Street embraced the news, pushing the company's stock up 31%, or $5.19 a share, to $21.69 on the Nasdaq market. More than 3.
BUSINESS
January 28, 1998 | P.J. Huffstutter
Accounting software maker State of the Art Inc. said it is being bought for $263 million in cash by British rival Sage Group--the European leader in accounting software for small to mid-sized businesses. Sage will pay $22 a share for the Irvine-based firm--33% more than State of the Art's Monday closing price of $16.50. Under the terms of the deal, which has been in the works since December, State of the Art will become a wholly owned division of Sage.
BUSINESS
December 13, 2005 | From Associated Press
Wyoming-based Corral West Ranchwear has been bought by a Los Angeles-based private equity firm that plans to help expand the clothing chain into the work wear market. Sage Capital Partners was expected to announce this week that it had acquired controlling interest in Corral West, which operates 95 Western-inspired clothing stores and employs 1,000 people, mostly part time. Sage Capital Partners did not disclose the purchase price, saying only that it had bought more than 60% of Corral West.
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
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
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
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
January 28, 1998 | P.J. Huffstutter
Accounting software maker State of the Art Inc. said it is being bought for $263 million in cash by British rival Sage Group--the European leader in accounting software for small to mid-sized businesses. Sage will pay $22 a share for the Irvine-based firm--33% more than State of the Art's Monday closing price of $16.50. Under the terms of the deal, which has been in the works since December, State of the Art will become a wholly owned division of Sage.
BUSINESS
January 28, 1998 | P.J. HUFFSTUTTER, TIMES STAFF WRITER
Accounting software maker State of the Art Inc. said Tuesday that it is being bought for $263 million in cash by a rival based in the United Kingdom. The Sage Group PLC, the European leader in accounting software for small- to mid-sized businesses, will pay $22 a share--or 33% more than Monday's closing price of $16.50--for the Orange County firm. Wall Street embraced the news, pushing the company's stock up 31%, or $5.19 a share, to $21.69 on the Nasdaq market. More than 3.
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.
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