Sage Software Celebrates 25 Years of Providing Nonprofits and Governments With Specialized Accounting Software

CHICAGO, IL--(Marketwire - November 6, 2007) - At Sage Summit 2007, Sage Software's annual customer conference, the company today announced that Sage MIP Fund Accounting has been helping nonprofit and government organizations of all sizes plan and manage budgets, maximize grants, and produce accurate, customized reports for 25 years. First introduced in 1982, the software continues to boast a strong, loyal customer base, with a current customer loyalty rate of 94 percent. Sage MIP Fund Accounting customers were invited to celebrate the product's milestone birthday during a reception at Sage Summit on Saturday evening.

"Sage MIP Fund Accounting was a good fit for us when we became the first customer, and it continues to be the ideal solution for us today," said Jolene Crozier, accounting supervisor for Austin, Texas-based Delta Kappa Gamma Society International, a professional honor society of women educators, and a Sage Software customer since 1982. "Sage Software's continuous investment and commitment to flexibility have allowed the software to adapt to our needs as our organization has evolved. From data entry to report generation and distribution, our daily activities are easier because of Sage MIP Fund Accounting."

Sage MIP Fund Accounting addresses the specific nonprofit financial management needs of organizations that need to track and report on multiple funds, across multiple budget periods, to meet their reporting requirements and demonstrate accountability. Originally called NonProfit Series, the software was developed by Micro Information Products (MIP). Sage acquired MIP in September 2001. The original MIP tag line -- "Helping those who do good things do them even better" -- still resonates 25 years later.

"We continue to receive a great deal of Sage MIP Fund Accounting customer participation in user and focus groups, at our annual customer conference, and in software pilot programs," said Krista Endsley, senior vice president and general manager for Nonprofit Solutions at Sage Software. "Accountability is a hotter than ever topic for both nonprofits and governments, and we have plans for even more robust Sage MIP Fund Accounting functionality in the near future."

Sage MIP Fund Accounting has been honored with numerous awards, including perfect five-star product reviews from top accounting industry publications, such as CPA Technology Advisor, and a coveted 2005 Campbell Award from Campbell Rinker for exceptional ratings in the Nonprofit Accounting Software Survey, a nationwide survey of accounting software users.

"Over the years, Sage MIP Fund Accounting has evolved through a multitude of new capabilities, yet it still remains flexible and easy-to-use," said Vicki Plummer, director of accounting and membership for Austin, Texas-based Texas Manufactured Housing Association (TMHA), a Sage Software customer since 1983. "Whenever software updates are released, there are no issues -- everything works. Plus, Sage Software's customer service is consistently the best. We can count on it."

Next week, Sage Software will release Sage MIP Fund Accounting, version 9.0, featuring new tax forms and eFiling by Aatrix®, new recurring and reversing entry management functionality, enhanced Fixed Assets module, streamlined navigation, enhanced user interface, and additional payroll, accounts payable, accounts receivable, and reporting functionality.

Being held through today, at McCormick West Convention Center in Chicago, Sage Summit is a four-day event offering the opportunity for users of Sage Software products and services to network; gain insight to better utilize their software and services; and learn about the latest industry and business trends affecting their organizations. Over 100 break-out sessions specifically for nonprofit and government organizations are being presented at the conference, plus the latest features of Sage MIP Fund Accounting are being demonstrated on the trade show floor.

For more information about Sage MIP Fund Accounting or other nonprofit and government solutions from Sage Software, visit www.sagenonprofit.com or call 800-647-3863.

About Sage Software

Sage Software supports the needs, challenges and dreams of nearly 2.8 million small and mid-sized business customers in North America through easy-to-use, scalable and customizable software and services. Our products support accounting, operations, customer relationship management, human resources, time tracking, merchant services and the specialized needs of the construction, distribution, healthcare, manufacturing, nonprofit and real estate industries. Sage Software is a subsidiary of The Sage Group plc, a leading global supplier of accounting and business management software solutions and related products and services for small and mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.4 million customers and employs over 13,000 people worldwide. For more information, please visit the Web site at www.sagesoftware.com/moreinfo or call (866) 308-2378.

© 2007 Sage Software, Inc. All rights reserved. Sage Software, the Sage Software logo and the Sage Software product and service names mentioned herein are registered trademarks or trademarks of Sage Software, Inc. or its affiliated entities. All other trademarks are the property of their respective owners.

Contact Information: Press Contact: Cynthia Sutton Sage Software (703) 793-2700 x 3032 cynthia.sutton@sage.com