Thursday, July 12, 2012

Sage Enters Brazil with Acquisition of Folhamatic Group

Business Magazine | Finance & Legal Magazine, Financial Corporate News: "On 20 June 2012, the Sage Group plc (‘Sage’) announced that it had acquired a controlling interest in Folhamatic Group (‘Folhamatic’), a leading provider of accounting, tax and payroll and regulatory content software in Brazil. The expected total consideration of £125m (R$398m) for 75% of the equity equates to an enterprise value for 100% of the business, including estimated net debt at closing, of £191m (R$608m)."


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