The Sage Group has added to its mid-market HR and payroll capabilities with the 20m pound ($41.2m) acquisition of UK-based KCS Global Holdings.
KCS provides software covering personnel, payroll, and time and attendance requirements. The acquisition complements Sage’s 17m pound ($35m) purchase of Snowdrop Systems in May 2007, which also added to Sage’s mid-market HR portfolio. In addition, the company released an HR package for the ill-served small business market in September this year, called Sage 50 HR 2007.
HR and payroll is an important and growing sector of the business software market and this acquisition complements perfectly our established HR and payroll offerings including those of recently acquired Snowdrop, said Paul Stobart, regional chief executive, Sage UK and Ireland.
KCS provides software and services to approximately 900 companies in UK, including Paul Smith, Reg Vardy, and Specsavers. In the full year to September 2006, it reported revenue up 22.5% on the previous year.