Sage Group PLC 26 September 2001 SAGE ACQUIRES MICRO INFORMATION PRODUCTS, INC. IN THE US Acquisition adds non-profit sector to further widen product portfolio The Sage Group plc ('Sage'), a leading provider of business management solutions for small and medium-sized businesses, has agreed to purchase Micro Information Products, Inc. (MIP) for £13.7m to be satisfied in cash. With 5,000 customers, MIP is a leading US provider of specialised business applications for non-profit organisations (for example charities, local government offices and community foundations). MIP has annualised revenues in excess of £8m, selling predominantly through a reseller channel. The transaction will add market-leading product ranges NonProfit Series and Advantage NonProfit to Sage's US product portfolio, which already features strong brands including Best, Peachtree, MAS 90, Enterprise Suite, Timeslips, SalesLogix, and ACT!. Sage's entry into the US non-profit sector highlights its continuing commitment to provide industry-specific applications that complement and integrate with the business management solutions used by its 2.7m customers worldwide. It follows the recent acquisition of the Haitek product for US manufacturing businesses, and in the UK, the successful entry into the professional accountants' market through acquisitions over the last two years such as Hartley, CSM and Apex. Paul Walker, Sage Chief Executive, commented 'The acquisition of MIP is consistent with our strategy of offering customers a comprehensive suite of business management software tailored to their business needs. In common with all our acquisitions, we expect to create value through selling additional products and services to MIP customers. Industry-specific acquisitions enable Sage to address a range of sectors, broadening the opportunities to drive organic growth by offering more products, services and support to our customers'. Contacts: The Sage Group plc 0191 255 3055 Paul Walker, Chief Executive Paul Harrison, Finance Director Phil Branston, Investor Relations Financial Dynamics 020 78313113 Giles Sanderson ENDS


Sage Group (SGE)
UK 100