Tyneside software giant Sage has agreed to buy a Seattle-based firm that offers accounting products and services for small and medium-sized businesses.
Lockstep employs more than 130 people in the US and has a stable of products that aim to connect accounting teams and their systems, streamlining processes and improving cash flows. The undisclosed deal will see it bring its offer to the North Tyneside-based group.
Lockstep's products include applications to automate accounts receivable and accounts payable tasks, and an API platform that allows third party developers to create connected services. Sage told investors of the move and said Lockstep's platform is already home to more than 26,000 businesses.
