The Sage Group plc ("Sage") announces that through its
subsidiary Folhamatic Tecnologia em Sistemas S.A.
("Folhamatic"), it has acquired EBS Empresa Brasileira de
Sistemas Ltda. ("EBS"), a provider of accounting, business
management and tax software in Brazil for a cash
consideration of up to £10.6m* (R$35.0m), including a
payment of £1.8m (R$6m) linked to the future financial
performance of EBS. EBS has approximately 4,000 customers,
comprising c.2,300 accounting firms and c.1,700 other
businesses. The head office is in the state of Paraná, in
Southern Brazil, where the majority of customers are based.
The acquisition strengthens Sage's market leadership
position in the accounting firm market in Brazil and
extends the geographic breadth of its offering,
particularly in the Southern region.
Sage has also recently acquired Cenize Informática Ltda.
("Cenize") through Folhamatic, for a cash consideration of
up to £3.9m* (R$12.9m), including a payment of £2.7m
(R$9.0m) linked to the future financial performance of
Cenize. Cenize is a provider of accounting software to over
7,000 small and micro businesses in Brazil, an attractive
market segment with significant growth potential.
These acquisitions will be integrated into Folhamatic, the
leading provider of accounting, tax and payroll and
regulatory content software in Brazil, which was acquired
by Sage in June 2012.
Commenting on the acquisition, Guy Berruyer, CEO of Sage,
said:
"We are pleased to announce the acquisitions of EBS and
Cenize which are in line with our strategy of expanding our
footprint in Brazil. These businesses are high growth, with
recurring revenue models and are focused on core SME
accounting customers. They are also highly complementary to
Folhamatic, expanding our addressable market by geography
and by segment."
About Sage
The Sage Group plc is the leading global supplier of
business management solutions to small and medium-sized
enterprises. Formed in 1981, Sage was floated on the London
Stock Exchange in 1989. Sage has over 6 million customers
and more than 12,600 employees worldwide. We operate in
over 24 countries covering the UK, mainland Europe, North
America, South Africa, Australia and India. For further
information please visit www.sage.
Enquiries
The Sage Group plc
+44 (0) 191 294 3068
Guy Berruyer, Chief Executive Officer
Paul Harrison, Chief Financial Officer
Murdo Montgomery, Investor Relations
Tulchan Communications
+44 (0) 20 7353 4200
David Shriver
Lucy Legh
* All financial information calculated on the basis of £1 =
R$ 3.29
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