News & Announcements
Sage acquires ‘Pocket’ range of Payroll and HRMS software products in India
Sage enters the Payroll and Human Resource Management Software market in India with this acquisition
November 3, 2008
The Sage Group plc has today announced the acquisition of ‘Pocket’ range of Payroll and Human Resource Management software and all customer contracts from Crystal Info Solutions (P) Ltd (“Crystal”) and its owners for an undisclosed sum. Employees of Crystal have joined Sage in its Payroll and HRMS business group.
Based in Chennai, Crystal is a leading player in the Payroll and HRMS space with over 300 customers across India.
Guy Berruyer, President, Continental Europe & Asia , Sage Group plc, said: “This acquisition of ‘Pocket’ will enable Sage enter the fast growing Payroll and HRMS space in India. It is our first acquisition in India and a step towards increasing our presence in the Indian market with a localized product and R&D facility. The acquisition allows Sage to offer a comprehensive solution comprising ERP, CRM, Payroll and HRMS to meet the needs of the Indian SMB and Mid Market customers.”
The Payroll and HRMS business will report to Thomas Abraham, Managing Director, Sage Software India (P) Ltd.
Enquiries
Thomas Abraham, Managing Director, Sage Software India (P) Ltd
Tel: +91.11.40712490
Cynthia Alers, Investor Relations Director, The Sage Group plc
Tel: +44 (0) 191 294 3068
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 has 5.7 million customers and over 14,800 employees worldwide. Sage has operations in over 20 countries, covering the UK, Europe, North America, South Africa, Australia, India and China. For further information please visit www.sage.com.