The move comes less than a year after the UK’s largest software supplier took a 21% minority stake in Fairsail for £10 million.
The Sage Group has acquired cloud-based human capital management (HCM) software provider Fairsail for an undisclosed sum in a bid to become a leader in the mid-market HR and payroll space.
The move comes less than a year after the UK’s largest software supplier, which operates in 23 countries and turns over £1.6 billion per annum, took a 21% minority stake in Fairsail for £10 million.
SAGE BUYS FAIRSAIL IN BID TO CREATE MID-MARKET HR AND PAYROLL WINNER
The relationship led to the launch late last year of Sage People, which combines Fairsail’s Salesforce.com-hosted cloud HCM software suite with Sage’s payroll offering. The company’s aim is to provide customers with a single cloud-based system that can manage people and payroll, payments and accounting.
Stephen Kelly, Sage’s chief executive, said: “This acquisition will accelerate our People offering, ensuring our customers can manage people, their most precious asset, with visibility of the rest of their business. This integrates everything from talent acquisition to people analytics in one online system, helping businesses in recruiting, engaging and retaining top talent.”
Fairsail is also a UK-based company and generated revenues of about £10 million last year. Existing customers include Paddy Power Betfare, Trainline and Quest Software.
Adam Hale, Fairsail’s chief executive, said: “Our ambition is to be the global leader for HCM and people solutions in the mid-market. The combination of Fairsail with Sage turbocharges that goal.”