Vertical Sage

Representatives of Sage Software today announced that the firm had acquired intellectual property from VerticalFalls Software, Inc., a financial services industry solution provider based in Reston, Va. The Sage sages figure the VerticalFalls wares will enable Sage Software to deliver a compliance and document tracking solution based on its ACT! by Sage contact and customer manager to meet the specialized needs of financial services organizations.

VerticalFalls will continue operations as a professional services firm that will resell the integrated solution, as well as provide 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.