Sage buys Adonix
Big buy for British book keeper
Posted in Financial News, 10th November 2005 11:07 GMT
Sage is paying £78.4m in cash for French firm Adonix.
Adonix provides enterprise resource planning for medium sized firms. The company claims almost 7,000 customers and twenty years of experience on its website. It employs 750 people. The deal excludes HR management developer Meta 4 and Italina ERP unit Formula which used to be part of Adonix Group.
Adonix made sales of £42.6m in the year ended 31 December 2004 and a profit of £9.6m.
Sage boss Paul Walker said the buy would strengthen Sage's position in France and new customers, attracted by Sage's brand, would start considering Adonix products.
Adonix is currently represented by resellers XKO in Surrey and e-RP Ltd in Dublin.®
Free whitepaper: Comparing Data Center Batteries, Flywheels, and Ultracapacitors
Spam Spikes: A Real Risk to Your Business
Stock Spam: A Classic Scam
Effectively Securing Small Businesses from Online Threats
The Online Shadow Economy

Netbooks and Mini-Laptops
How the fate of the US economy rests on a Dell workstation
How many terabytes can you fit on a 2.5-inch hard drive?
China's nonstop music machine