Sage makes double acquisition in Brazil

Accountancy software group Sage has acquired EBS Empresa Brasileira de Sistemas, a provider of accounting, business management and tax software in Brazil.

Accountancy software group Sage has acquired EBS Empresa Brasileira de Sistemas, a provider of accounting, business management and tax software in Brazil.

The acquisition, which was made through Sage's subsidiary, Folhamatic Tecnologia em Sistemas, cost the group up to £10.6m, including a performance related sum of £1.8m.

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