Sage Announces the Acquisition of Intacct

Sage Group acquired Intacct Corporation, a leading North American provider of cloud financial management solutions. Intacct’s CEO, Robert Reid, will remain to run the business, ensuring continuity for customers, partners and employees.

As customer demand moves to the cloud and away from traditional enterprise resource planning suites, the acquisition assists Sage in providing cloud financial management solutions from start-up to global enterprise, while integrating their other enterprise applications. Sage partners will now be able to grow their own businesses fully in the cloud with Sage. In the short term, it provides Sage further platform for growth, with medium-term aspirations for geographical expansion.

“The acquisition of Intacct supports our ambitions for accelerating growth by winning new customers at scale and builds on our other cloud-first acquisitions, strengthening the Sage business cloud. Intacct opens up huge opportunities in the North American market, representing over half of our total addressable market,” says Stephen Kelly, CEO of Sage.

“Intacct is growing rapidly in our market and we are proud to be a recognized customer satisfaction leader across midsize, large and global enterprise businesses. By combining our strengths with those of Sage, we can jointly accelerate success for our customers,” says Reid.