Sage, Vertically

Sage Software today announced its acquisition of intellectual property from VerticalFalls Software, Inc., a financial services industry solution provider based in Reston, Va. From the acquisition, Sage execs hope to deliver a compliance and document tracking solution based on ACT! by Sage contact and customer manager to meet specialized needs of financial services organizations.

VerticalFalls will continue operations as a reseller of the integrated solution and provider of implementation services, data migrations, training, support and business consulting.

Sage Software is a provider to more than 2.6 million small- and mid-sized business customers in North America. Sage products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of accounting practices and the construction, distribution, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and now has 5.0 million customers served by 10,500 employees worldwide.