Sage Group's business in Asia and Australia Asset Profile

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Location

Australia

Primary Industry

Software

About

Based in Australia, Sage Group's business in Asia and Australia operates as an APAC (Asia Pacific) business division of Sage Group specializing in payroll software solutions. In December 2020, the firm was agreed to be acquired by Access UK Limited, a portfolio company of Hg and TA Associates, for GBP 95 million and the transaction was completed in June 2021. The division as of December 2020 was led by Kerry Agiasotis. The business division develops and provides software solutions such as HandiSoft, an accounting solution, and MicrOpay and WageEasy for compliant payroll solutions for small and medium businesses (SMEs) in Australia. The company’s software additionally helps companies manage their finances, operations, and employees' records. The firm also offers a payroll solution called EasyPay in Singapore and accounting software called UBS in Malaysia.

Current Investors

The Access Group

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Primary Industry

Software

Sub Industries

Systems Management Software, HR & Workforce Software, Accounting/Finance Software

Verticals

Cloud Computing

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Sage Group's business in Asia and Australia	23 Dec 2020

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