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Sage Group
Sage Group

-7.36%

IT / Enterprise software

At a Glance | Core Facts | Company | Industry | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | Web
Overview

The Sage Group is a British multinational enterprise software company headquartered in Newcastle upon Tyne, England. It was founded in 1981 by David Goldman, Paul Muller, and Graham Wylie and has become a leader in providing integrated accounting, payroll, and payment systems to small and medium-sized businesses worldwide.
The company's main product is Sage Business Cloud, an accounting and financial management software that helps businesses automate their day-to-day operations and manage their finances. They also offer a range of other software solutions, including enterprise resource planning (ERP), customer relationship management (CRM), and human resource management (HRM) systems.
Sage Group has a global presence with offices in 23 countries and serves millions of customers in over 100 countries. They have partnerships with major technology companies, such as Microsoft, to enhance their products and services.
The company is listed on the London Stock Exchange and is a constituent of the FTSE 100 index. As of 2021, the Sage Group has a market capitalization of approximately £6 billion.

What is special about the company?

The Sage Group is a British multinational enterprise software company that provides accounting, HR, and payroll software and services to small and medium-sized businesses. Some key characteristics that make the Sage Group company unique include:
1. Founding principles: The company was founded in 1981 with the purpose of empowering and supporting small businesses. This ethos remains at the core of the company's values and drives its mission to this day.
2. Global reach: The Sage Group operates in more than 23 countries and serves over 3 million customers worldwide. This global presence allows the company to understand and cater to the unique needs and challenges of businesses across different regions.
3. Diverse product portfolio: The Sage Group offers a wide range of software and services, including accounting, HR, payroll, ERP, CRM, and more. This diverse product portfolio allows businesses to choose the solutions that best fit their specific needs.
4. Innovation and technology: The Sage Group is committed to using the latest technology and innovation to help businesses streamline their operations, reduce costs, and improve efficiency. This includes embracing cloud technology and developing AI-powered solutions.
5. Customer-centric approach: The company places a strong emphasis on customer satisfaction and has a dedicated support team to assist customers with any issues or questions they may have. They also offer training and resources to help customers get the most out of their products.
6. Social responsibility: The Sage Group is committed to making a positive impact on society and the environment. They have various initiatives in place, such as supporting local communities and reducing their carbon footprint, to work towards this goal.
Overall, the Sage Group's focus on small businesses, global reach, diverse product portfolio, innovation, customer service, and social responsibility make it a unique and respected company in the enterprise software industry.

What the company's business model?

The Sage Group is a UK based multi-national enterprise software company that provides accounting, financial and enterprise management software solutions for small and medium-sized businesses. Its primary business model is based on developing and selling software products and related services, such as customer support and training, to help businesses manage their financial operations. The company offers a range of products and services tailored to specific industries and business types, including accounting, payments, payroll, customer relationship management, and enterprise resource planning.
Sage also employs a subscription-based model, where customers pay an annual fee for access to their software solutions, rather than a one-time purchase. This allows for a steady stream of recurring revenue for the company.
In addition, Sage also partners with third-party software developers and resellers to expand its customer base and offer a wider range of software solutions. The company also offers cloud-based solutions, allowing businesses to access their software and data remotely, and has a growing focus on artificial intelligence and machine learning in its products.
Overall, Sage's business model revolves around providing comprehensive and innovative software solutions to help businesses improve their financial management and operations.

Interesting facts about the company

1. Sage Group plc is a British multinational enterprise software company, headquartered in Newcastle upon Tyne, England. It is one of the largest providers of enterprise resource planning (ERP) software in the world.
2. The company was founded in 1981 by David Goldman, Paul Muller, and Graham Wylie. Its first product was accounting software called Sage Accounts, which was developed for the Amstrad PCW.
3. Sage Group currently has over 12,000 employees worldwide and serves customers in more than 23 countries.
4. The company’s name, Sage, was chosen to represent the “wisdom, experience, and knowledge” that the founders wanted their software to embody.
5. In 1984, Sage launched its first international product, Sage Peachtree, for the US market. This was the company’s first step towards becoming a global organization.
6. In 1998, the company acquired Tetra, an accounting software company, for £78 million, making it Sage’s largest acquisition at the time. This also marked the company’s entry into the European market.
7. Sage Group went public in 1989 and is listed on the London Stock Exchange. It is also a constituent of the FTSE 100 Index.
8. In 2003, Sage acquired Interact Commerce Inc, the makers of Act!, a popular customer relationship management (CRM) software.
9. The company has a strong focus on corporate social responsibility, with initiatives such as the Sage Foundation, which supports local charities and community programs.
10. In 2019, Sage Group was ranked 178th in the Forbes Global 2000 list of the world’s largest public companies.
11. Sage Group’s products and services are used by over 3 million businesses worldwide, including small and medium-sized enterprises (SMEs) as well as larger enterprises.
12. The company has won numerous awards for its products and services, including the 2019 Microsoft Partner of the Year Award for its continuous innovation and leadership in delivering cloud-based software solutions.
13. Sage Group has a strong commitment to diversity and inclusivity, with 40% of its board members being women and over 25% of its global workforce being from diverse ethnic backgrounds.
14. In 2020, Sage announced its partnership with Mind, a UK-based mental health charity, to provide mental health support to its employees and customers during the COVID-19 pandemic.
15. In addition to providing software solutions, Sage Group also offers a range of training and support services to help its customers get the most out of their software.

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