Sage takes over Brightpearl. Brightpearl develops a retail management software platform. This includes ERP and CRM solutions for retailers. With the acquisition, Sage hopes to strengthen its financial software offering.
Sage will pay 299 million dollars (265 million euros) for the acquisition. Sage acquires Brightpearl to broaden and strengthen the deployability of its software for medium-sized businesses (Sage Intacct). Sage Intacct is used by accountants and administrators to provide financial services to organizations. At the moment the software has three focus areas.
Intacct Planning helps with analyzing and forecasting for financial planning. Interactive Visual Explorer enables accountants and administrators to provide customers and departments with visual, understandable dashboards with insights that support strategic decisions. Intacct Construction combines the aforementioned pillars and supplements it with specialized tools for services to construction companies.
After the takeover
With the acquisition of Brightpearl, Sage is moving in the direction of Intacct Construction. This time with a focus on retail instead of construction. It is possible that the acquisition will express itself in a completely new suite, for example ‘Intacct Retail’. The chance that Brightpearl will continue under its own flag, on the other hand, is just as likely.
We know that Brightpearl will be integrated with Intacct. More is unknown at this time. Time should tell what the meeting means for end users.
