Information on this page is updated via a feed from the London Stock Exchange's Regulatory News Service
Acquisition of Integral Computers Limited
The Sage Group plc ("Sage") today announces that through its subsidiary Sage Pay Europe Limited ("Sage Pay"), it has acquired Integral Computers Limited ("Integral"), a cardholder present (CHP) payment processing provider based in Dublin, Ireland for a cash consideration of up to €20m (£16.7m).
Integral was founded in 1989, and provides services to SME retailers that have either standalone or integrated Electronic Point of Sale (EPOS) payments requirements. Its solutions are used at over 25,000 points-of-sale in the UK and Ireland and its platform has processed over 100 million transactions in the last 12 months, with a value of €6 billion. Following the acquisition, Integral will be rebranded Sage Pay and will be fully integrated into the Sage Pay business, building on Sage Pay's existing card holder not present capability. Integral's 40 employees will be retained within the Sage Pay business.
Guy Berruyer, Sage CEO, commented:
"The Integral business is highly complementary to our business and marks Sage Pay's entry into the cardholder present market in the UK and Ireland. The acquisition broadens Sage Pay's customer offering, significantly extends Sage Pay's addressable market, offers attractive integration and cross-sell opportunities for Sage and is the type of acquisition which increases our exposure to higher growth segments."
Simon Black, Sage Pay CEO, commented:
"The team at Integral has established an outstanding point of sale card processing service that will enable Sage Pay to provide true best-in-class multi-channel payment services. The two businesses share the same vision to deliver a great customer experience founded on brilliant software. Sage offers a unique service proposition in payments and the acquisition of Integral offers even more value to our customers and business partners."
*All financial information calculated on the basis of £1 = Euro 1.20
The Sage Group plc +44 (0) 191 294 3068
Murdo Montgomery, Investor Relations
Tulchan Communications +44 (0) 20 7353 4200
About the Sage Group plc
The Sage Group plc is the leading global supplier of business management solutions to small and medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has over 6 million customers and more than 12,300 employees worldwide. We operate in over 23 countries covering the UK, mainland Europe, North America, South Africa, Australia and India. For further information please visit www.sage.com