Accountancy software provider Sage has bought yet another company - French reseller Cogestib.
Sage is paying £7.7m in cold, hard cash for Cogestib, a French firm which sells business management systems to small and medium businesses in France, especially in car distribution. It has 3, 000 customers and revenues until 31 December 2004 were £9.3m on which it made a profit of £0.5m. It already customises Sage products for the French motor market.
Sage has bought a series of firms this year including Swiss and Spanish resellers and developers and most recently Delta Systems in Ireland. ®