Newcastle technology firm Sage has completed its acquisition of a retail technology firm based in the South West.
Sage first announced in December that it would pay £225m to acquire the remaining stake in Bristol company Brightpearl, having first invested in the firm and taken a 17% stake 12 months earlier.
The deal has now completed, extending the ecommerce offering of Sage’s Intacct platform.
Read more: go here for more technology news
Sage said the deal will allow it to offer customers end-to-end retail financial management, inventory planning, sales and order management, purchasing, and supplier management, CRM, fulfilment, warehousing, and logistics management.
Dan Miller, EVP of Sage Intacct, said: “We have made great strides in providing the technology businesses need to digitally transform their organisations today and for tomorrow.
“For Sage Intacct customers, the value of being part of the Sage digital network is truly coming to bear through the AI technology we have put in their toolkit to help them streamline their work and save them valuable time – whilst providing their customers with an even better service.
“The acquisition of Brightpearl sees us doubling down on our vertical strategy to bring these benefits to retail eCommerce organisations, expanding our ability to increase the role technology plays in the world’s leading businesses.”
Brightpearl, which was founded in 2007, is based in Bristol with offices also in Austin, Texas.
It is one of a number of deals completed by Sage in the last year. Other acquisitions made by the company last year included a deal to buy Manchester’s GoProposal, Israeli AI firm Task Sheriff, HR company CakeHR and data entry business AutoEntry.
