Sage Group $850 million acquisition of Intacct

Overview:

• Sage Group, an UK based enterprise software company, has acquired Intacct for $850 million.
• Intacct is an accounting software company with 11,000 customers
• The acquisition will expand Sage's offering and geographic diversification.
• It is the biggest acquisition ever undertaken by Sage.
• Evercore has been a financial adviser to Sage, who has also received financial and corporate advice from Citigroup Global Markets.
• Morgan Stanley acted as financial adviser to Intacct.

Katrin Kostadinova - Data analyst