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Sage Group
The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company based in Newcastle upon Tyne, England. As of 2017,[update] it is the UK's second largest technology company. It has offices in 23 countries. The company is a patron of The Glasshouse, Gateshead music venue in Gateshead, known as The Sage Gateshead.
Sage is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The company was founded by David Goldman, Paul Muller, and Graham Wylie in 1981 in Newcastle upon Tyne, to develop estimating and accounting software for small businesses.
A student at Newcastle University, Graham Wylie, took a summer job with an accountancy firm funded by a government small business grant to write software to help their record keeping. This became the basis for Sage Line 50. Next, hired by David Goldman to write some estimating software for his printing company, Campbell Graphics, Graham used the same accounting software to produce the first version of Sage Accounts. David was so impressed that he hired Graham and academic Paul Muller to form Sage, selling their software first to printing companies, and then to a wider market through a network of resellers.
In 1984, the company launched Sage software, a product for the Amstrad PCW word processor, which used the CP/M operating system. Sage software sales escalated in that year from 30 copies a month to over 300. The company was first listed on the London Stock Exchange in 1989.
In 1991, Sage acquired Dac Software, Inc., a pioneering American accounting software developer, from Insilco Corporation who were undergoing bankruptcy reorganization at the time. Dac Software were well known for their DacEasy software suite, which was one of the first integrated accounting software titles to retail for well under $100, when most of its competitors sold suites with equivalent functionality for thousands of US$.
In 1994, Paul Walker was appointed Chief Executive. In 1998, Sage's Professional Accountants Division was established. In 1999, Sage entered FTSE 100 and launched a dedicated Irish division, based in Dublin as well as its e-business strategy. In that same year the UK acquisition of Tetra saw Sage enter the mid-range business software market.
Sage was the best-performing UK share in the 1990s, increasing in value by 28,000%.
Sage Group
The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company based in Newcastle upon Tyne, England. As of 2017,[update] it is the UK's second largest technology company. It has offices in 23 countries. The company is a patron of The Glasshouse, Gateshead music venue in Gateshead, known as The Sage Gateshead.
Sage is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
The company was founded by David Goldman, Paul Muller, and Graham Wylie in 1981 in Newcastle upon Tyne, to develop estimating and accounting software for small businesses.
A student at Newcastle University, Graham Wylie, took a summer job with an accountancy firm funded by a government small business grant to write software to help their record keeping. This became the basis for Sage Line 50. Next, hired by David Goldman to write some estimating software for his printing company, Campbell Graphics, Graham used the same accounting software to produce the first version of Sage Accounts. David was so impressed that he hired Graham and academic Paul Muller to form Sage, selling their software first to printing companies, and then to a wider market through a network of resellers.
In 1984, the company launched Sage software, a product for the Amstrad PCW word processor, which used the CP/M operating system. Sage software sales escalated in that year from 30 copies a month to over 300. The company was first listed on the London Stock Exchange in 1989.
In 1991, Sage acquired Dac Software, Inc., a pioneering American accounting software developer, from Insilco Corporation who were undergoing bankruptcy reorganization at the time. Dac Software were well known for their DacEasy software suite, which was one of the first integrated accounting software titles to retail for well under $100, when most of its competitors sold suites with equivalent functionality for thousands of US$.
In 1994, Paul Walker was appointed Chief Executive. In 1998, Sage's Professional Accountants Division was established. In 1999, Sage entered FTSE 100 and launched a dedicated Irish division, based in Dublin as well as its e-business strategy. In that same year the UK acquisition of Tetra saw Sage enter the mid-range business software market.
Sage was the best-performing UK share in the 1990s, increasing in value by 28,000%.
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