Completion of Timberline Acquisition
September 22 2003 - 3:00AM
UK Regulatory
22 September 2003
The Sage Group completes acquisition of US business management software vendor
Timberline
Further to its announcement of 17 July 2003, The Sage Group plc announces that
it has completed its acquisition of Timberline Software Corporation
("Timberline"), based in Oregon, US.
The acquisition was approved at a Timberline shareholder meeting on Friday, 19
September. All regulatory clearances have been received.
Enquiries
The Sage Group plc +44 (0) Financial Dynamics +44 (0) 20
191 255 3000 7831 3113
Paul Walker, Chief Executive Giles Sanderson
Paul Harrison, Finance Director Harriet Keen
Phil Branston, Investor Relations Caroline Ledosquet
Notes to editors
The Sage Group plc is a leading international supplier of accounting and
business management software solutions and related products and services for
small to medium-sized enterprises. Formed in 1981, Sage was floated on the
London Stock Exchange in 1989 and the Group now employs over 5,500 people
worldwide.
END