Business software maker Best Software has agreed to buy accounting-focused applications company Accpac International from Computer Associates International for $110m. The acquisition is expected to close next month.
Best Software, a subsidiary of UK-based company The Sage Group, sells software aimed at small and mid-sized companies for handling business functions such as sales, human resources, payroll and contact management. Its products include ACT, Peachtree and SalesLogix.
Accpac's portfolio includes applications for CRM, accounting, human resources and inventory management. Its user base includes 540,000 customers, which will add to Best Software's existing base of 1.8 million US customers, the companies said.
Accpac will be maintained as a brand, and most of the company’s 600 employees are expected to join Best Software.
Details of the merged company's organisational structure will be worked out after regulatory approval of the deal. Computer Associates said the sale of Accpac is part of its plan to leave the business applications market and concentrate on management software, such as its flagship Unicenter suite.
Stacy Cowley writes for IDG News Service