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

Walking on water, image via Shutterstock

Chris Mellor

IDC stats reveal who's who in the backup appliance bearpit
Carry on Cleo

Gavin Clarke

Infamy, infamy, Amazon and Microsoft have all got it in for me!

Tim Anderson

Also signals stronger cross-platform tools, access to new markets

Features

Nerd fail photo via Shutterstock
Shouting match
Single market vs. rest of the world
hacker
Mostly it's financial crime. Here's what all the cool kids' terms mean in English
Apple logo. Pic: Blake Patterson
Plenty of bumps in the 40-year road for Mac makers