Infoniqa acquires Sage Schweiz AG
Infoniqa, the software manufacturer based in Wels, Austria, announces the acquisition of the Swiss business of the Sage Group. Infoniqa has been one of the fastest growing HR software companies in the DACH region for years and strengthens its presence in Switzerland with the acquisition of Sage Schweiz AG, which specializes in HR and ERP software.
The British parent company Sage announced on November 20, 2020 that it intends to sell Sage Schweiz AG. Now the buyer has been found: Infoniqa GmbH from Wels, Austria, will take over the company.
Infoniqa sees "attractive synergy potentials
The acquisition of Sage Schweiz AG will almost double the Infoniqa Group's annual sales to a total of 60 million euros and increase the number of employees to a total of 410. In particular, the acquisition strengthens the company's positioning in the strategically important segment of small and medium-sized enterprises. The product portfolio will be expanded to include ERP solutions, financial management software, and payroll and HCM solutions specialized for Swiss requirements. Due to the high product compatibility, there is attractive synergy potential.
"We are very pleased to announce our next acquisition with the support of our owners Warburg Pincus Global Growth and Elvaston Capital. With the acquisition of Sage Schweiz AG, we are consistently pursuing our growth strategy and further driving the international expansion of the Infoniqa Group. Together with the proven and leading Sage Schweiz AG, we will be able to invest even more consistently in the further development of the products as well as in excellent customer service for all Swiss customers and partners," summarizes Léon Vergnes, Managing Director of Infoniqa.
Further development of existing products assured
The purchase includes the Sage Start, Sage 50 Extra and Sage 200 Extra products, which will continue to be developed and supported locally by experienced employees, according to the statement. "The acquisition of Sage Schweiz AG by Infoniqa is a great opportunity for our employees, customers and partners. As part of the Infoniqa Group with a strong investor in the background, this step offers us strong future prospects and the opportunity to continue to provide the highest software quality and maximum customer satisfaction as part of a strong growth-oriented solution provider in the DACH region. Over the past 30 years, Infoniqa has shown that its excellent service and strong customer focus delight customers and partners alike," adds Thomas Hersche, Managing Director of Sage Schweiz AG.
Following the purchase of Haveldata GmbH at the end of 2019 and StoneData GmbH at the beginning of 2020, the acquisition of Sage Schweiz AG represents a further step in Infoniqa's growth strategy.
Source and further information
