Sage Buys Fairsail
March 03, 2017
Sage Group has entered into an agreement to acquire Fairsail, the UK's
fastest growing tech scale-up and the global cloud HCM and people
management system for mid-sized businesses. Currently a minority
shareholder, the acquisition will see Sage take full ownership of
Fairsail, building on the success of a shared product, Sage People,
launched last year.
Fairsail is an end-to-end HCM and people solution that addresses
workforce management challenges of mid-sized organizations and meets the
needs of increasingly mobile and global companies. Fairsail has been
successfully deployed within Sage, and is used by leading businesses
including Aveva, Armstrong, Paddy Power Betfair, Klarna, Skyscanner,
Trainline, Trustpilot and Quest Software. Sage People extends Fairsail's
functionality to include payroll, and form part of Sage's golden
triangle vision, offering customers a single cloud solution to manage
people & payroll, payments and accounting.
Stephen Kelly, CEO, Sage says: "We have been unequivocal about giving
growing and ambitious businesses a real-time, frictionless way to manage
their entire businesses in the cloud, to create an environment of
'invisible admin'. Building on our successful partnership with Fairsail,
this acquisition will accelerate our people offering, ensuring our
customers can manage people, their most precious asset, with visibility
of the rest of their business. This integrates everything from talent
acquisition to people analytics in one online system -- helping
businesses in recruiting, engaging and retaining top talent."
acquisition will build on Sage's existing partnership with Salesforce.
Fairsail is the leading HCM and people solution on the Salesforce App
Cloud and is one of the top global ISVs in their partner ecosystem.
The combined portfolio provides attractive growth opportunities,
particularly through new customer acquisition internationally, and
cross-sell to the combined customer base. Fairsail has grown from being
a £1m to a £10m ($12.5M) revenue business over the past three years,
gaining over 140,000 users in businesses headquartered in over 20
countries during that time.
Adam Hale, CEO, Fairsail says: "Our ambition is to be the global leader
for HCM and people solutions in the mid-market. The combination of
Fairsail with Sage turbocharges that goal. Sage People provides
customers with full visibility of their people, increases HCM
productivity and delivers great workforce experiences, improving
engagement and enabling people to do their best work."