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

Love

Chris Mellor

Tandberg and Sphere3D deals offer hope after 18 bad ones
Fraud image
Openstack log

Features

No, silly... he was the fall guy for years of Finnish folly
Fraud image
Frodo and the Ring
Microsoft's strategy is to make Store apps popular. Good luck with that