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Sage Group buys Intacct accounting software for $850M

Katie Roof
Sage Group buys Intacct accounting software for $850M

British enterprise software company Sage Group has agreed to purchase Intacct, a 19-year-old accounting software company, for $850 million, the companies announced today.A cash and stock transaction, the deal aims to help build out Sage's cloud financial management offerings.Intacct, which competes with Financial Force and Oracle's...