Sage 1000
Application Services
IT Solutions UK
Application Services UK
IT Solutions UK

Sage IT Consulting, Sage Solutions, Sage 1000
Application development UK
ERP solution UK


Sage Tweets its Ambition

Software group Sage is on the lookout for acquisitions, it appears. And where did this gem of information come from? Perhaps inevitably, from Twitter.

Over to analyst George O'Connor from Panmure Gordon to explain all:

"Forget Demi Moore's young partner, Ashton Kutcher, Stephen Fry or man on the telly, Jonathan Ross, (three of the UK's most popular Twitters) this afternoon we had a significant Twitter event as the managing director of Sage UK, Paul Stobart, tweeted for an hour answering questions from a variety of customers, resellers and competitors.

"The highlights: Mr Stobart stated "acquisition remains on our agenda, but only if conditions and price are right." Mr Stobart also said that current market conditions were leading customers to look to it for more help with cash flow forecasting, business planning and HR advice. Online applications will be ready when there is customer demand. Sage still argues that demand is only around 20% of customers into the medium term.

"Hats off to Sage! We are impressed by Sage's approach to customer intimacy. The next official news from Sage is likely to be an 'in line with expectations' third quarter update. We retain our hold recommendation."

Sage has closed up 1.8p at 186.4p.

                                                                                      Source: George O'Connor, Guardian