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Sage sells Swiss business to Infoniqa
StockMarketWire.com
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Software group Sage said it had agreed to sell its Swiss business to Infoniqa for around CHF 50 million (£39 million).
For the year ended 30 September 2020, the business achieved revenue of £25 million and operating profit of £4 million.
Infoniqa was a provider of HR software solutions majority-owned by Warburg Pincus.
Sage had previously announced that the business was held for sale in its full year results announcement on 20 November.
Story provided by StockMarketWire.com
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