Estimated reading time: 0 minutes, 30 seconds


The Sage Group has confirmed it is discussing options for Sage Pay. That includes a possible sale of the payments unit, the software company said this week.

Sage made the announcement following media speculation about its plans for Sage Pay. In a prepared statement, the compan confirmed it “is evaluating potential strategic options for this business, including a sale.” If accomplished, this would mark a complete retreat for Sage from the payments business, which is a very small part of its operations. It sold its North American payments business, now known as Paya, to private equity firm, GTCR, in July 2017 for $260 million.

Read 1032 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.