Guy Berruyer the new Sage MD might have his hands full to fend off takeover approaches from SAP and possible Microsoft.
Sage's shares surged 8.1p to a year's peak of 266.2p as speculators responded to gossip that SAP, the world's largest business software company, is gearing up for a cash bid worth £5.1billion or 390p a share.. SAP is said to be sitting on cash, even after splashing out £3.7billionn on database-software maker Sybase earlier this year.
SAP would struggle to integrate Sage’s different solutions that they have bought, but this could be a great way to offer SaaS accounting software. Sage relationship with accountants might be worth a punt and help SAP push their new business bydesign software package.
What do you think?