SAGE GROUP: Acquisition of AutoEntry: adding automation to Sage Business Cloud | NEUTRAL | 690p
SAGE GROUP - NEUTRAL | 690pAcquisition of AutoEntry: adding automation to Sage Business Cloud
AutoEntry automates data entry for accountants and bookkeepers
This acquisition accelerates Sage’s ambitions in SaaS
We do not expect a material impact of this deal to our forecasts
Sage Group is a technology provider that assists to manage businesses of all sizes. Co. provides a suite of cloud business management solutions and services including accounting, financials, enterprise management, people, payroll, payments and banking, as well as marketplace apps that can be provisioned to match the exact needs of any business. Co. has three reportable segments in which it operates, being Northern Europe (the U.K. and Ireland), Central and Southern Europe (Germany, Switzerland, Poland, France and Portugal) and NorthAmerica (the U.S., Canada and North America Intacct).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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