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Irvine,
Calif. - March 16, 2005 - The Sage Group plc (Sage)
announced today that, after a three-year hiatus, it intends
to resume use of the Sage name and mark in North America,
enabling Sage to better leverage its worldwide strengths.
Sage is the global leader in delivering business management
software for small and mid-sized businesses (SMBs), with worldwide
revenue of $US 1.238 billion (£687.6 million) in the
most recent fiscal year.
Sage has been operating under the name Best Software in North
America since 2001. In connection with its resumption of use
of the Sage name and mark, Best Software has acquired the
rights of Quick Technologies Inc. (Quick) of Dallas,
Texas, U.S.A. in the Sage mark, which rights date back to
the early 1990's. Sage plans to fully adopt the Sage brand
for its North American business by March 2006.
Paul Walker,
Sage Chief Executive, commented, The Sage brand is synonymous
with excellence in accounting and business management software
for millions of SMBs around the globe. The strength of Sage
as a global software leader will now stand clearly behind
our more than 2.3 million SMB customers in North America.
Best Software
sells such market-leading U.S. and Canadian brands as ACT!,
Peachtree, MAS 90, SalesLogix, and Simply Accounting. In the
fiscal year ended September 30, 2004, Best Software reported
revenue of $US 516.6 million, representing 42% of Sages
global business. In addition to its North American leadership,
Sage is the leading provider of accounting software for SMBs
in the U.K., Spain, France, Germany, and South Africa. Sage
is the only technology stock on the FTSE 100 index for the
London Stock Exchange.
About
Best Software/The Sage Group plc
Best Software offers leading business management products
and services that support the needs, challenges and dreams
of more than 2.3 million small and mid-sized customers in
North America. Its parent company, The Sage Group plc (London:
SGE.L), supports 4.4 million customers worldwide. For more
than 25 years, Best Software has delivered easy-to-use, scalable
and customizable applications through its portfolio of leading
brands, including Abra®, ACCPAC®, ACT!®, BusinessVision®,
CPASoftware®, FAS®, MAS 90®, MAS 200®, MAS
500®, MIP®, Peachtree®, SalesLogix®, and Timberline®
Office, among many others. For more information, please visit
the Web site at www.bestsoftware.com/moreinfo or call (866)
308-BEST.
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