The Sage Group plc

Company Description

Sage Group plc, also known as Sage, is a provider of technology solutions and services. It serves over 6 million small and medium-sized enterprises in North America, Europe, and across the world with enterprise software, cloud-connected and hybrid solutions, and business management solutions.

Detailed Description

The Sage Group plc, together with its subsidiaries, provides technology solutions and services for small and medium businesses in North America, Northern Europe, and internationally. It offers cloud native solutions, such as Sage Intacct, a cloud accounting software products and financial management solutions; Sage People, a cloud HR and people management solution; Sage Accounting, a solution for small businesses, accountants, and bookkeepers to remotely manage customer data, accounts, and people; Sage Payroll, a cloud-based payroll solution; and Sage HR, a HR management solution. The company also provides cloud connected and hybrid solutions, including Sage X3, a business management solution; and Sage 50cloud and Sage 200cloud that provides a range of cloud connected accounting solutions. The company was founded in 1981 and is based in Newcastle upon Tyne, the United Kingdom.

Wikipedia Introduction

The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company based in Newcastle upon Tyne, England. As of 2017, it is the UK's second largest technology company, the world's third-largest supplier of enterprise resource planning software (behind Oracle and SAP), the largest supplier to small businesses, and has 6.1 million customers worldwide. It has offices in 24 countries. The company is the patron of the Sage Gateshead music venue in Gateshead. Sage is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The Company was founded by David Goldman, Paul Muller and Graham Wylie in 1981 in Newcastle, to develop estimating and accounting software for small businesses. A student at Newcastle University, Graham Wylie, took a summer job with an accountancy firm funded by a government small business grant to write software to help their record keeping. This became the basis for Sage Line 50. Next, hired by David Goldman to write some estimating software for his printing company, Campbell Graphics, Graham used the same accounting software to produce the first version of Sage Accounts. David was so impressed that he hired Graham and academic Paul Muller to form Sage, selling their software first to printing companies, and then to a wider market through a network of resellers. In 1984, the Company launched Sage software, a product for the Amstrad PCW word processor, which used the CP/M operating system. Sage software sales escalated in that year from 30 copies a month to over 300. The Company was first listed on the London Stock Exchange in 1989. In 1994, Paul Walker was appointed Chief Executive. In 1998, Sage's Professional Accountants Division was established. In 1999, Sage entered FTSE 100 and launched a dedicated Irish division, based in Dublin as well as its e-business strategy. In that same year the UK acquisition of Tetra saw Sage enter the mid-range business software market. In 2000, Sage shares were named 'best performing share of the 90s' in the UK business press. In 2001, Sage acquired Interact Commerce Inc. and entered the CRM/contact management market and in 2002 Sage won 'Business of The Year' in the National Business Awards. Also that year, Sage sponsored the new Music Centre in Gateshead for £6m – now known as Sage Gateshead – the largest ever UK arts/business sponsorship. Sage are one of two technology stocks listed on the FTSE 100 Index, the other being Micro Focus. In 2003, at age …

Source: Wikipedia, retrieved on March 31, 2022, 9:06 p.m.

Product & Services

AccountingCRMMRP

Key People

Founder(s): David Goldman Paul Muller Sir Graham Wylie C B E

Andrew Duff (chair­person)  Steve Hare (CEO)

Financials

Revenue: £ 1,846 million (2021)

Operating income: £ 358 million (2021)

Net income: £ 285 million (2021)

Total assets: £ 3,329 million (2021)

Total equity: £ 1,111 million (2021)

Details

Headquarters:

North Park

Newcastle upon Tyne, NE13 9AA

United Kingdom