Mip Accounting Software

The Sage Group plc (abbreviated Sage, LSE: SGE) is engaged in the development, distribution and support of business management software and related products and services for medium-sized and smaller businesses.

The Company is listed on the London Stock Exchange and from time to time been the only UK software company listed in the FTSE 100 Index.

The Company is also involved in a number of educational and charity initiatives such as funding of a Tyneside music venue The Sage Gateshead and partnership with Durham University Business School.

History

Development of the business

The Company was founded by David Goldman together with Paul Muller and Graham Wylie in 1981 in Newcastle upon Tyne to develop estimating and accounting software for small businesses.

While 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 he hired Graham and academic Paul Muller to form Sage, selling first to printing companies but then to the 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 National Business Awards. Also that year Sage sponsorsed the new Music Centre in Gateshead for £6m - now known as The Sage Gateshead - the largest ever UK arts/business sponsorship. By 2003 Sage was the only remaining technology stock in the FTSE 100 Index. In 2003 at age 43 Graham Wylie retired with 108.5 million shares in Sage worth £146m. He was rated Britain's 109th richest person in the 2002 Sunday Times' rich list.

Operations

Founded and headquartered in Newcastle upon Tyne, United Kingdom, the company initially grew organically, but more recently has grown primarily through acquisitions. It now operates worldwide. The company's US headquarters are in Irvine, California, the Canadian headquarters are in Vancouver, Canada and the French and Continental European headquarters are in Paris, France.

Products

Sage's products include:

Sponsorship

The Sage Group is a patron of The Sage Gateshead, a new Tyneside music venue designed by Sir Norman Foster.

See also

• Susan G. Swenson
• Comparison of accounting software

References and footnotes

1. ^ "Sage Group PLC: Full Description". Reuters . http://stocks.us.reuters.com/stocks/fullDescription.asp?symbol=SGE.L&WTmodLOC=C5-Profile-1 . Retrieved 2008-01-12 .  
2. ^ ^{a b c d e} Sage History
3. ^ ^{a b} Vaughan-Adams, Liz (2003-04-12). "Sage founder retires at 43 to get married and enjoy his £146m fortune". The Independent on Sunday . http://www.independent.co.uk/news/business/news/sage-founder-retires-at-43-to-get-married-and-enjoy-his-acircpound146m-fortune-594205.html . Retrieved 2009-03-15 .  
4. ^ Sage buys Tetra
5. ^ Sage looks risky in an uncertain business climate
6. ^ Sage buys Interact Commerce
7. ^ Business of the year 2002
8. ^ ^{a b} Software sages of Newcastle

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