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Sage Buys Intacct for $850M

Sage is buying Intacct. This is a big deal for my firm, Armanino, which is the current #1 VAR (value
Sage Buys Intacct for $850M
By Blake Oliver • Issue #52 • View online
Sage is buying Intacct. This is a big deal for my firm, Armanino, which is the current #1 VAR (value added reseller) partner by CMRR (current monthly recurring revenue), and the #1 firm bringing in new subscriptions for Intacct. 
Intacct, in case you’re not familiar, is a cloud-based ERP built on a multi-dimensional general ledger. It’s a great fit for midsize companies that have outgrown apps such as Xero and QuickBooks Online.
I’m excited for the acquisition as it means Sage will provide additional resources to accelerate Intacct product features. It also gives Sage a strong presence in the U.S. cloud accounting market, which it has thus far been lacking.
For more analysis on the acquisition and the best links I clicked on this past week, keep on scrolling.

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This issue was lovingly crafted by Blake Oliver and Phil Gross. Thanks for reading, and have a great week!
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Blake Oliver

A weekly newsletter for accountants and controllers using cloud technology to improve efficiencies and make their jobs more strategic and impactful. Topics include apps, automation, remote work, management, new regulations, marketing, and more.

For additional resources for controllers and accounting managers, visit https://floqast.com/resources/. FloQast (where I work) is close management software built by accountants for accountants to help them close faster and more accurately.

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