Sage acquires UK HR and Payroll software
and services company KCS
Sage (UK) Limited, a leading provider of
business software and services, today announces the acquisition of
KCS Global Holdings Limited (KCS) for an enterprise value of £20
million, paid in cash.
With 35 years of experience, KCS provides award-winning
integrated HR, Payroll and Time & Attendance software and
services to more than 900 companies throughout the UK including
Paul Smith, Reg Vardy and Specsavers.
In the full year to September 2006, KCS reported revenues up
22.5% over the previous year.
Paul Stobart, Regional Chief Executive, Sage UK and Ireland,
comments: “HR and Payroll is an important and growing sector of the
business software market and this acquisition complements perfectly
our established HR and payroll offerings including those of
recently acquired Snowdrop.”
Alan Snell, Chief Executive of KCS comments: “This is an
exciting move for us and we’re looking forward to leveraging Sage’s
resources to develop even more leading-edge software for our
customers”.
Notes to Editors:
Enquiries
Cynthia Alers
Director of Investor Relations
0191 294 3108
Cynthia.alers@sage.com
Lisa Graveling
UK PR Manager
0191 294 3502
lisa.graveling@sage.com
Editor’s notes
About Sage
Sage (UK) Limited is a subsidiary of The Sage Group plc, a
leading global supplier of business management software solutions
and related products and services, principally for small to
medium-sized enterprises. Formed in 1981, Sage was floated on the
London Stock Exchange in 1989 and now employs over 13,000 people
worldwide.
About KCS
With over 30 years experience KCS is a leading supplier of
Personnel, Payroll and Time & Attendance solutions, available
separately or as a fully integrated solution. KCS delivers cutting
edge technology in an easy to use package. Through first class
implementation and support services, KCS ensures a close match to
clients’ expectations delivering real strategic benefits to a wide
variety of organisations.