On July 25, 2017, the Sage Group plc (“Sage”), announced that it agreed to acquire Intacct Corporation (“Intacct”), a leading provider of cloud Financial Management Solutions in North America.

Intacct is headquartered in San Jose, California, serving thousands of businesses in the North American scale-up and enterprise markets, both directly and through a network of partners. Intacct provides sophisticated and powerful cloud Financial Management Solutions targeted at growing businesses looking for rich financial and operational insight, process automation, seamless integration with their existing software, advanced features and a modern user experience.

Intacct’s CEO, Robert Reid, leads an experienced management team with a demonstrated track record of scaling at pace, who will remain to run the business, thereby ensuring continuity for customers, partners and employees.

The transaction is expected to complete within weeks, subject to customary completion conditions.

Learn how this impacts Sage's strategy in the North American market and see what Sage CEO, Stephen Kelly and Intacct CEO, Robert Reid, had to say about the acquisition in Sage's official press release.