SOURCE: Sage Software

December 04, 2006 09:00 ET

Sage Software Acquires Financial Services Compliance and Document Tracking Technology to Expand ACT! by Sage Family of Industry-Specific Solutions

VerticalFalls Technology to Be Integrated With ACT! to Create Combined Contact Management and Compliance Solution for Financial Services Institutions

SCOTTSDALE, AZ -- (MARKET WIRE) -- December 4, 2006 -- Sage Software today announced it has acquired intellectual property from VerticalFalls Software, Inc., a financial services industry solution provider based in Reston, Virginia, that 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.

"Financial services organizations are experiencing regulatory pressure to implement standard reporting processes that necessitate retaining the history of customer interactions and records of customer risk tolerance, among other key criteria," explained Joe Bergera, ACT! senior vice president and general manager for Sage Software. "By integrating ACT! with the acquired VerticalFalls technology, we will deliver business critical contact management and compliance features that brokerage firms, financial advisors and others in the financial services industry need in today's marketplace."

The ACT! industry solutions strategy combines the market-leading productivity features of ACT! with value-added, industry-specific functionality. ACT! industry solutions are available on the ACT! Premium platform, which is designed for scalability, ease of deployment and administration, and a seamless online/offline user experience. Sage Software introduced its first ACT! industry solution, ACT! by Sage Premium for Real Estate, in May 2006.

"The increased importance of record retention, data privacy and compliance tracking within the financial services industry makes the linking of these processes with contact management capabilities especially interesting," said Laurie McCabe, research vice president for AMI-Partners, Inc. "Productivity tools such as ACT! that have the scalability, data security and flexible deployment attributes required by many financial services companies can have significant appeal to a large segment of this market."

About ACT! by Sage

ACT!, first introduced in 1987, is the preferred choice of over 2.5 million registered users and more than 35,000 corporate customers to organize, access and manage their critical customer information. ACT! delivers powerful contact and customer management capabilities with flexible deployment and customization options to help individuals, selling professionals and corporate workgroups improve productivity and increase sales. For more details about available ACT! solutions for financial services visit www.act.com/products/fact/index.cfm or call 877-851-7572.

ACT! by Sage is part of Sage CRM Solutions, the only family of CRM products designed specifically for the needs of small and mid-sized businesses that also includes SageCRM, SageCRM.com and Sage SalesLogix. For more details, visit www.sagecrmsolutions.com.

About Sage Software

Sage Software supports the needs, challenges, and dreams of more than 2.7 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 international 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 5.2 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.

© 2006 Sage Software, Inc. All rights reserved. The Sage Software logo and ACT! are registered trademarks or trademarks of Sage Software SB, Inc. or its affiliated entities. All other trademarks are the property of their respective owners.

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