Sage acquires UK construction software company Tekton

The Sage Group plc, a leading global supplier of business management software and services, announced the acquisition of Hallco 1390 Ltd for an enterprise value of £21 mln, paid in cash. Hallco’s revenues for the half year to December 2007 were £4.5 mln, based on unaudited management accounts.

Hallco 1390 Ltd trades under the name of Tekton Group Ltd and provides specialist construction software, implementation and support services to more than 230 companies throughout the UK & Ireland. With high levels of localised legislation and compliance in the construction industry, companies require specific local knowledge and expertise from their software suppliers, which companies such as Sage and Tekton are able to provide.

“Tekton complements Sage’s existing expertise in the construction industry and will broaden our portfolio of solutions for medium-sized customers,” said Paul Walker, Chief Executive. “The acquisition of Tekton strengthens Sage’s leading market position in this sector and completes our range of construction solutions, from small companies through to larger customers in the mid-market.”

The Sage Group plc is a leading global supplier of business management software and related services, with 5.5 mln customers worldwide. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and now employs over 13,900 people worldwide. Sage has over 40,000 existing customers in the construction sector in the UK & Ireland.