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State Of The Art Inc

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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.
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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
May 21, 1997 | (Dow Jones)
State of the Art Inc. said it has completed its cash acquisition of Sybex Ltd. and BBicon Inc., related software companies based in Toronto. State of the Art said it named Mike King, owner and president of Sybex and BBicon, vice president of the two companies. State of the Art develops accounting software.
BUSINESS
March 26, 1997 | Dow Jones
State of the Art Inc. said Tuesday it signed an agreement to acquire two Toronto-based software companies, Sybex Ltd. and BBIcon Ltd., for cash. Financial terms were not disclosed. State of the Art, which develops accounting software, said it expects to complete the transactions during the second quarter.
BUSINESS
April 9, 1996
State of the Art Inc., a maker of accounting programs for computers and computer networks, said it has formed a "strategic" venture with accounting and consulting firm BDO Seidman LLP to market, sell and support a line of the Irvine firm's software. Terms were not disclosed.
BUSINESS
January 19, 1996
State of the Art Inc. said profit nearly doubled in 1995 on a 24% increase in revenue. Net income for the accounting software developer increased last year to $5.7 million, or 51 cents a share, from $2.9 million, or 27 cents a share, the previous year. Revenue rose to $46.1 million from $37.3 million. Net income for the fourth quarter more than doubled to $2 million, or 18 cents a share, from $977,000, or 9 cents a share, in the same period a year ago. Revenue was up 14% to $13.
BUSINESS
May 21, 1997 | (Dow Jones)
State of the Art Inc. said it has completed its cash acquisition of Sybex Ltd. and BBicon Inc., related software companies based in Toronto. State of the Art said it named Mike King, owner and president of Sybex and BBicon, vice president of the two companies. State of the Art develops accounting software.
BUSINESS
September 25, 1996
State of the Art Inc. said it expects to report a loss for the third quarter on lower revenue. The company, which develops and markets accounting software, earned $1.2 million, or 12 cents a share, in the third quarter last year on revenue of $12.2 million. The company attributed the lower revenue partially to product delays.
BUSINESS
February 2, 1993 | Dean Takahashi / Times staff writer
Expansion Plans: State of the Art Inc., the Irvine publisher of accounting software, said it plans to hire more than 140 staff members this year. That would represent a 70% increase in the company's current work force of 206. State of the Art said it plans to launch several new lines of software during the year and will broaden its customer service and marketing.
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