The Channel logo

News

By | John Oates 23rd June 2010 10:05

Sage goes Polish for latest buy

£41m for ERP software firm

Geordie accountancy software firm Sage Group has offered £41m for Polish company Teta.

Teta offers personnel and Enterprise Resource Planning software to mid-sized organisations in Poland and Hungary. In the year ended December 2009 it turned over £21m and made a profit of £3m, and had assets of £22m.

The tender offers a 15 per cent premium on Teta's average share price over the last three months.

Departing Sage boss Paul Walker said the buy would complement the firm's existing business in Poland and improve its products and its footprint in eastern Europe. ®

alert Send corrections

Opinion

Joe Tucci EMC
frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up
Internet of Things

Features

Alistair Darling and Alex Salmond debate Scottish independence
You keep the call centres, Hamish, we'll take the banks
Internet of Things
Everyone loves those Things, just not on each others' terms
No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever