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Articles about Accountancy Software

Sage's 63-year-old CEO says au revoir: 'Life's all about choices'

Seventeen-year company veteran and CEO Guy Berruyer has signalled his intent to hang up his boots from the end of March next year or sooner if a replacement in found beforehand. The man went public on his exit plan at the half-way point of the accountancy software developer's fiscal '14 numbers, that showed a near five per cent …
Paul Kunert, 08 May 2014

Sage unimpressed by French performance

Brit accountancy software biz Sage ground out a relatively decent set of fiscal 2012 financial results as it moves towards more cloud-based sales. Organic revenues from continuing operations went up two per cent year on year to £1.34bn and profit before tax edged up just one per cent to £334m. CEO Guy Berruyer described the …
Paul Kunert, 06 Dec 2012
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Sage warns of bumpy ride ahead

Unstoppable accountancy software juggernaut Sage kept its foot on the gas in fiscal 2011 to record decent top- and bottom-line gains but warned of some danger signs on the road ahead. The firm made £331m pre-tax profits, up 11 per cent on sales of £1.33bn, a rise of 4 per cent for the year ended 30 September. In Europe sales …
Paul Kunert, 30 Nov 2011
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Sage goes Polish for latest buy

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 …
John Oates, 23 Jun 2010
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Mentec acquires Xdat Software

Mentec, the Irish-owned Microsoft Great Plains reseller, has bought a London-based accountancy software dealer, its second UK acquisition in recent months. Terms for the acquisition of Xdat Software Ltd were undisclosed, but the sum paid is thought to be around £750,000, according to ElectricNews.Net. Xdat is Microsoft's third …
Team Register, 27 Apr 2005
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Sage butters up SMEs in fiscal first half

British software outfit Sage saw a mild upswing in pretax profit and revenue in the first half of its fiscal year as SMEs tentatively splashed some cash. The company's boss Guy Berruyer attributed the gentle rise to an "increase in business confidence for SMEs in the period". Sage reported pre-tax profit was up 5 per cent to £ …
Kelly Fiveash, 04 May 2011
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Sage confirms Walker's departure

Paul Walker, chief executive of Sage Group, is leaving the company after 26 years, 16 of them in the top spot. In a statement this morning Sage confirmed Walker would be leaving "in due course". But first he will work with the board to find a replacement and "ensure a seamless transition". The accountancy software provider has …
John Oates, 19 Apr 2010
globalisation

Sage banks on 'pent-up demand' for salvation

Geordie accountancy software seller Sage believes pent-up demand among its customers means it will be in for a sales bean-feast when the market recovers. In the first half of the year Sage said its cost-cutting measures had led to a strong increase in profitability. Dividends per share went up three per cent to 2.58p. Revenue …
John Oates, 05 May 2010
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Sage makes British buy

Accountancy and small business specialist Sage has bought UK firm Snowdrop Systems Limited. Sage is paying £17m in cash for the company which made sales of £7.5m in the year ended December 2006. Snowdrop has headquarters in Witney, Oxfordshire as well as offices in Australia, Barcelona, and Glasgow. Snowdrop makes systems …
John Oates, 08 May 2007
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Sage workers braced for job cuts

More job losses are predicted at Sage when the firm announces its financial results tomorrow. Last month the accountancy software provider offered UK staff voluntary redundancy as part of a cost cutting programme. The Newcastle-based firm employs 2,200 people in the UK and 14,000 in total worldwide. The Sunday Times predicted …
John Oates, 05 May 2009
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Sage payment processor goes titsup - again

SagePay has been hit by what appears to be yet another spectacular outage, only three months on since the payment processor, which serves 25,000 firms in the UK and Ireland, collapsed for 24 hours on 8 September. Customers have contacted The Register to complain about SagePay's latest unscheduled lie-down. The service, which …
Kelly Fiveash, 11 Dec 2009
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Mentec buys British Great Plains reseller

Mentec, an Irish reseller, is bulking up its Great Plains business, with the acquisition of Leicestershire dealership Sytation. The Irish papers say it is paying €5m. The enlarged company will be the second biggest reseller of Microsoft's Great Plains accountancy software in Europe. Sytation will retain its name, but is to be …
Drew Cullen, 14 Dec 2004
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Systems Union hails record results

Systems Union Group will announce record results when it files accounts for the year ended 31 December 2005. The accountancy software group has, helpfully, issued a trading statement today to let investors and analysts know what to expect - although they already know what to expect, as the results are in line with market …
Team Register, 11 Jan 2006
Sage

Sage update fails to convince the markets

UK accountancy software firm Sage has failed to convince the stock markets that all is well despite issuing a statement saying that it expects results for the half year ended 31 March 2008 to be in line with expectations. Sage shares are down three per cent at the time of writing in a market which is down one per cent. It is not …
John Oates, 14 Apr 2008
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Mentec goes completely Mentec

Mentec, the Irish Great Plains reseller, is having an image makeover in a bid to reflect its integration with its recent UK acquisitions. The companies bought, Xdat and Sytation, will now trade alongside their parent company as Mentec International. ® channel
Team Register, 11 Jan 2006
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Access buys Irish reseller

Access Accounting has bought its Irish reseller, called, appropriately enough, Access Ireland. Terms are undisclosed. The accountancy software firm is calling its new baby Access Accounting Ireland and plans to triple staff over three years. ® homeless man with sign
Team Register, 11 Apr 2005
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Watermark buys Cedilla

Cedilla Systems, the Manchester reseller, is selling itself to a Dutch dealership. Watermark, which dubs itself the leading Microsoft Dynamics partner in Europe, aims to complete the takeover in June. Manchester-based Cedilla is best known for supplying REgenerist software based on Microsoft Dynamics NAV. It had a turnover of …
Kelly Fiveash, 27 Mar 2007
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TSG buys Leeds reseller

Technology Services Group (TSG) has bought another accountancy software dealer, this time in Leeds. The two directors and 15 staff of Logical Solutions, a Sage reseller, are relocating to TSG North offices, also in Leeds, They bring on board 300 small and medium-sized business customers. Financial terms are undisclosed. TSG …
Drew Cullen, 02 Feb 2005
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TSG buys Scottish dealer

Technology Services Group (TSG) has bought a ESCO, small Scottish networking reseller based in Cumbernauld, its third acquisition in as many weeks. Terms are undisclosed. All 17 ESCO staff are moving to TSG offices in Glasgow and Edinburgh. TSG now employs 100 staff across the border, serving 2,200 customers. TSG is the …
Drew Cullen, 07 Dec 2004
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South Africa slams reseller corruption in public sector

South Africa's government has slammed ICT vendors which sell “exorbitant, irrelevant” solutions to local government departments. Joe Mazibuko, of the State IT Agency's provincial and local government services, points to a municipality which had signed "a 50-year contract, without an exit clause, with a local service provider". …
Team Register, 22 Sep 2005
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Sage buys into France

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 …
John Oates, 19 Sep 2005
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Sage chairman leaves after seven months

The chairman of UK-based accountancy software group Sage has quit, citing irreconcilable differences with the board. Sir Julian Horn-Smith joined the firm from Vodafone in September, where he had risen to Deputy Chief Executive over 20 years at the operator. This morning he told the Stock Exchange his tenure at Sage would be …
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TSG buys another Scottish reseller

Technology Services Group has bought Edinburgh Microsystems Centre (EMC), a specialist Sage reseller with 150 customers, for an undisclosed sum. It takes on former MD Martin Booth and the six-strong team who will transfer to the firm’s Edinburgh office. And it says that the acquisition will give it a leading edge in Sage …
Team Register, 19 May 2005
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Sage pays £20m for payment processing firm Protx

Business and accountancy software firm Sage has stumped up £20m ($38m) in cash to acquire UK merchant services firm Protx. Protx, which was established in 2001, provides online payment services for small and medium businesses (SMEs) in the UK, with a customer base of over 10,000 businesses (growing by 350 a month). The firm is …
John Leyden, 13 Nov 2006
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Sage ups H1 profits

Sage, the UK accountancy software specialist, increased profits by 16 per cent in the first half of the year. Sage made a pre-tax profit of £100m on sales of £381.6m in the first six months ended 31 March 2005. The firm is optimistic it can maintain growth for the rest of the year and is continuing to look for acquisitions. …
John Oates, 10 May 2005
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US share probe keeps growing

Fund managers in the US are asking 1,500 companies if they are likely to get dragged into the ever-growing investigation into backdating of share options. Yesterday saw job site monster.com and Broadcom admit they were facing Federal investigation. The Council of Institutional Investors, whose members run $3 trillion in …
John Oates, 13 Jun 2006
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TSG secures £25m facility for takeover trail

Technology Services Group (TSG), the Newcastle-based accounting software reseller, has signed a £25m facility from Lloyds TSB Corporate, to bankroll further growth. Set up two years ago by Sage co-founder Graham Wylie, TSG has bought several small dealerships, mostly northern or Scottish, to build a branch network serving small …
Drew Cullen, 21 Apr 2005
cloud

Sage Ireland snaffles Delta Systems

Software company Sage Ireland has continued its shopping spree with the acquisition of Delta Systems, a customer relationship management (CRM) software firm. The firm is remaining tight-lipped about the asking price, and has yet to specify the terms of the deal. However, weekend media reports have indicated that Delta sold for …
Lester Haines, 03 Aug 2005

Opinion

Houses of Parliament in night-time

Andrew Orlowski

Come on everybody, let's upload all our stuff into Government by Cloud
Joe Tucci EMC
frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties

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