SAP, IBM compete for Sage?

 

Accounting software maker in rumoured bid war.

Sage is in acquisition talks with IBM and SAP, reports have claimed today.

An inside source at the software and services company told Computing the firm was in discussions with both and it would “benefit the business” to link with a larger organisation.

"The structure of the organisation holds us back, and we would certainly benefit from more collateral and capital expenditure," he said.

Although traditionally thought of for its accounting software, Sage has widened its remit and even entered into cloud services at the beginning of this year.

With IBM increasingly focused on the software and services side of the business and SAP leading the way in the sectors, both companies would seem a good fit for Sage.

IT Pro called Sage but it said the company "didn't comment on rumour and speculation."

We also contacted IBM and SAP for comment but they had not returned our request at the time of publication.

Copyright © ITPro, Dennis Publishing


SAP, IBM compete for Sage?
Tags
 
 
 
Top Stories
The True Cost of BYOD - 2014 survey
Twelve months on from our first study, is BYOD a better proposition?
 
Photos: Unboxing the Magnus supercomputer
Pawsey's biggest beast slots into place.
 
ANZ looks to life beyond the transaction
If digital disruptors think an online payments startup could rock the big four, they’ve missed the point of why people use banks, says Patrick Maes.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
What is delaying adoption of public cloud in your organisation?







   |   View results
Lock-in concerns
  29%
 
Application integration concerns
  3%
 
Security and compliance concerns
  28%
 
Unreliable network infrastructure
  9%
 
Data sovereignty concerns
  21%
 
Lack of stakeholder support
  3%
 
Protecting on-premise IT jobs
  4%
 
Difficulty transitioning CapEx budget into OpEx
  3%
TOTAL VOTES: 1068

Vote