After engaging in a soul-searching exercise a while back, which has lately resulted with more coherent strategies in some regions, and with the recent public statement of its commitment to making customers happy, Sage Group announced at the opening of trading at the London Stock Exchange on February 15, 2013, that it has reached a definitive agreement to sell Sage Nonprofit Solutions to Accel-KKR, and ACT! and SalesLogix to Swiftpage. Accel-KKR has extensive expertise in accelerating the growth of software companies in vertical industry segments, KANA Software being one example. The investment firm brings a wealth of operational best practices and strategic insight to its portfolio companies and is a good partner to help these businesses reach their full potential.
Sage has entered into an agreement with the email marketing provider Swiftpage to sell two of its CRM solutions, Sage ACT! and Sage SalesLogix. The sale represents one of the actions that Sage has taken as part of its strategy to concentrate on its highly profitable maintenance and development products. Read the rest of this entry »