Subsidiary Acquires CSM Limited

Sage Group PLC 5 April 2000 The Sage Group plc ('Sage') Acquisition of CSM Sage announces the acquisition by its subsidiary Sage Software Limited of the trading assets of CSM Limited ('CSM'), a subsidiary of PLC, for £9.0 million in cash. Sage is assuming net liabilities of £1.058 million of which approximately £1.3 million relates to deferred license revenue. CSM generated turnover of £3.8 million in the year to 31 December 1998. The acquisition will provide Sage with a range of products to sell to the professional accountants' community. Graham Wylie, Managing Director of Sage's UK business, commented: 'The acquisition of CSM will further enhance our growing Accountants division. We believe that the accountancy profession will have a pivotal role to play in the development of e-business for small and medium-sized businesses.' For further information please contact: Paul Walker, Chief Executive Paul Harrison, Finance Director The Sage Group plc 0191 255 3000 Jon Earl Financial Dynamics 020 7831 3113


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