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sage.com

Founded Year

1981

Stage

IPO | IPO

Date of IPO

6/10/2013

Market Cap

7.50B

About Sage

Sage supplies accounting and business management software to start-up, small, and midsized businesses. On November 18, 2019 Sage was acquired by Elavon.7M.

Sage Headquarter Location

North Park

Newcastle upon Tyne, England, NE13 9AA,

United Kingdom

+44 (191) 294 3000

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Expert Collections containing Sage

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Sage is included in 2 Expert Collections, including SMB Fintech.

S

SMB Fintech

1,499 items

F

Fintech

4,779 items

Track and capture company information and workflow.

Sage Patents

Sage has filed 290 patents.

The 3 most popular patent topics include:

  • Ion channels
  • Neurophysiology
  • Electrophysiology
patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/2/2019

8/9/2022

Transformers (electrical), Electric power distribution, Wireless energy transfer, Electrical engineering, Block ciphers

Grant

Application Date

8/2/2019

Grant Date

8/9/2022

Title

Related Topics

Transformers (electrical), Electric power distribution, Wireless energy transfer, Electrical engineering, Block ciphers

Status

Grant

Latest Sage News

Software giant Sage acquires UK cashflow firm as revenues rise

May 13, 2022

Software giant Sage acquires UK cashflow firm as revenues rise The North East company has completed its purchase of Futrli which helps firms understand cashflow Sage offices at Cobalt Business Park in North Tyneside - the new brand is revealed (Image: Newcastle Chronicle) Sign up to FREE email alerts from BusinessLive - North East - a direct briefing of the latest headlines to start the day Something went wrong, please try again later.Invalid Email Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribing!We have more newsletters Show me See our privacy notice Software company Sage has reported a rise in recurring revenue thanks to sales of its cloud suite of products, and announced the purchase of UK-based Futrli. The North Tyneside-based FTSE 100 firm said organic recurring revenue grew 8% to £866m, from £800m, in the six months to the end of March this year. Underlying revenue growth was most significant across North America with a 10% rise to £377m, while its northern Europe business grew 7% to £212m, and its international revenue fell by 9% to £346m. Sage said its organic operating profit beat expectations, rising 4% to £184m, while its underlying operating profit fell from £188m to £183m during the period due to £18m of amortisation associated with acquisitions, £15m of merger and acquisition related charges and a £1m deferred income adjustment from its purchase of Brightpearl . In November last year, Sage completed the disposal of its Swiss business and in April, it disposed of its South African payroll outsourcing business. The move was said to allow resources to be focused on fewer, larger geographies. Meanwhile, Sage completed the acquisition of UK cashflow forecasting tool Futrli which uses algorithms to provides forecasts based on data-analysed historical trends, using invoices, bills, journals, cash, and payment data – enabling customers to visualise the past, present, and future of their business. Neal Watkins, EVP Product at Sage, said: "Futrli will form an important role in the way we support accountants and their clients to gain the visibility needed to deliver great advisory services - all as part of our Sage for Accountants solution." In announcement to shareholders about Sage results, CEO Steve Hare said: "We achieved a strong first half performance, in line with expectations, demonstrating sustainable growth and building further momentum. Our strategic investment in sales, marketing and innovation has continued to accelerate revenues across Sage Business Cloud, underpinned by increasing levels of new customer acquisition. Cloud native solutions, which now account for around a quarter of Group ARR, have performed particularly well. "While we are mindful of increased macroeconomic and geopolitical uncertainties, our customers remain confident and resilient. Our aim is to knock down barriers to their success, delivering solutions that make their lives easier, and we continue to make good progress against our strategic objectives. "I am confident that our ambition to become the trusted network for small and mid-sized businesses will drive the success of Sage, as we focus on growing both revenue and earnings in absolute terms." Read More

Sage Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
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Sage Rank

  • When was Sage founded?

    Sage was founded in 1981.

  • Where is Sage's headquarters?

    Sage's headquarters is located at North Park, Newcastle upon Tyne.

  • What is Sage's latest funding round?

    Sage's latest funding round is IPO.

  • Who are Sage's competitors?

    Competitors of Sage include SmartWage and 8 more.

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