Sage Analyst Day 2011: Not Your Older Brother’s Sage – Part 1
I often wonder how well-known is the fact that the Newcastle upon Tyne (UK)-based Sage Group, Plc (LSE: SGE) is a leading global provider of business management software and services to over 6.3 million small and midsize enterprises (SMEs) worldwide. After over 25 years in existence and with 13,400 employees worldwide, Sage reported US$2.24 billion in revenue in 2010, and the vendor touts its 28,000 business partners and 40,000 accountants’ club members.
For its part, the Sage North America subsidiary (formerly also known as Best Software in the early 2000s) has 4,000 employees and supports more than 3.2 million customers in the United States (US) and Canada (with customers in every state and province) with enterprise applications and services that cover accounting, enterprise resource planning (ERP), customer relationship management (CRM), payment processing, human resources (HR) and payroll. In addition to providing horizontal products, Sage North America caters to the specialized needs of the healthcare, nonprofit, manufacturing, and construction & real estate industries.
The North American subsidiary had US$850 million in revenues in 2010, and has 5,000 business partners and 20,000 accountants in its network. Other Sage units are Sage North Europe, Sage South Europe, and Sage AAMEA (serving Australia, Asia, the Middle East, and Africa).