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BUSINESS
September 1, 1999 | Bloomberg News
San Jose-based Sage Inc., which designs and markets semiconductors used in flat-panel displays, said Tuesday that it will seek to raise as much as $34.5 million in an initial stock sale. . . . Bermuda-based Global Crossing Ltd., which is building a worldwide fiber-optic network, said it will be added to the Nasdaq 100 index, made up of that market's biggest non-financial companies, on Sept. 9.
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BUSINESS
September 1, 1999 | Bloomberg News
San Jose-based Sage Inc., which designs and markets semiconductors used in flat-panel displays, said Tuesday that it will seek to raise as much as $34.5 million in an initial stock sale. . . . Bermuda-based Global Crossing Ltd., which is building a worldwide fiber-optic network, said it will be added to the Nasdaq 100 index, made up of that market's biggest non-financial companies, on Sept. 9.
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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
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
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
March 22, 2001
Sage Software Inc., an Irvine provider of business management solutions, said Wednesday that it has acquired an Ohio software developer. Financial terms were not disclosed. Sage said in a press release that the company, Haitek Solutions in Painesville, developed its enterprise resource planning product in conjunction with Sage. It is fully integrated with Sage Enterprise Suite and shares many joint customers.
BUSINESS
December 8, 1999 | Bloomberg News
A sampling of new stock ratings issued Tuesday by Wall Street equity analysts: * Antec Corp. (ANTC; $41.25, down $8.44) was downgraded to "hold" from "buy" by Josephthal & Co. * Casella Waste Systems Inc. (CWST; $19.06, up 50 cents) was rated new "strong buy" by Deutsche Banc Alex. Brown. * Circuit City Stores (CC; $42.69, down $1.06) was downgraded to "neutral" from "buy" by Salomon Smith Barney. * Exxon Mobil Corp. (XOM; $83.
BUSINESS
May 22, 2001 | Karen Alexander
Epicor Software Corp. said it will sell its Platinum for Windows line of business management software to Sage Software Inc. for $7 million in cash. As a result of the sale, Irvine-based Epicor will cut its revenue estimates by about $2 million per quarter this year, Chief Executive George Klaus said. The company expects to achieve profitability in the final three months of 2001, he said. The company lost $40.7 million, or 98 cents a share, last year on revenue of $219.8 million.
BUSINESS
October 20, 1998
Sage Software Inc., the Irvine accounting software maker, will absorb its Dallas-based sister company, Sage U.S. Inc. Sage Software was formerly known as State of the Art. In March, the company was acquired for $263 million by The Sage Group PLC, a British accounting software conglomerate that also owns the Dallas firm. The merger will expand the Irvine company's access to research and development staff as well as expand its local employee base.
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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