Walker left the company on 1 December 2010. Walker was one of the longest serving CEOs of an FTSE100 company. The Financial Times reported that his departure would lead to speculation over Sage's mergers and acquisitions, which have been a key component to the group's growth in the past 20 years. On 19 April 2010, Sage announced that its CEO, Paul Walker, had indicated an interest in stepping down from his position, which he had held for 16 years. Tony Hobson joined the Sage board of directors in June 2004 and became chairman in May 2007. He was rated Britain's 109th richest person in the 2002 Sunday Times Rich List. In 2003, at age 43, Graham Wylie retired with 108.5 million shares in Sage worth £146m.
Sage are one of two technology stocks listed on the FTSE 100 Index, the other being Micro Focus. Also that year, Sage sponsored the new Music Centre in Gateshead for £6m – now known as Sage Gateshead – the largest ever UK arts/business sponsorship. and entered the CRM/contact management market and in 2002 Sage won 'Business of The Year' in the National Business Awards.
In 2001, Sage acquired Interact Commerce Inc. In 2000, Sage shares were named 'best performing share of the 90s' in the UK business press. The Sage Gateshead music venue, located on the banks of the River Tyne, is named after the company.
#REPLACMENT FOR ACT BY SAGE SOFTWARE#
In that same year the UK acquisition of Tetra saw Sage enter the mid-range business software market. In 1999, Sage entered FTSE 100 and launched a dedicated Irish division, based in Dublin as well as its e-business strategy.
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In 1998, Sage's Professional Accountants Division was established. In 1994, Paul Walker was appointed Chief Executive. The Company was first listed on the London Stock Exchange in 1989. Sage software sales escalated in that year from 30 copies a month to over 300. In 1984, the Company launched Sage software, a product for the Amstrad PCW word processor, which used the CP/M operating system. David was so impressed that he hired Graham and academic Paul Muller to form Sage, selling their software first to printing companies, and then to a wider market through a network of resellers. Next, hired by David Goldman to write some estimating software for his printing company, Campbell Graphics, Graham used the same accounting software to produce the first version of Sage Accounts. Ī student at Newcastle University, Graham Wylie, took a summer job with an accountancy firm funded by a government small business grant to write software to help their record keeping. The Company was founded by David Goldman, Paul Muller and Graham Wylie in 1981 in Newcastle, to develop estimating and accounting software for small businesses.
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