SOURCE: Sage Software

July 06, 2006 16:00 ET

Sage Software Named a Hottest Company of the Year for Second Straight Year

Award Latest in Recent Editorial Acclaim for Sage Software and Its Construction and Real Estate Division, Including Sage Timberline Office and Sage Master Builder products

BEAVERTON, OR -- (MARKET WIRE) -- July 6, 2006 -- Sage Software announced today that it has received Constructech magazine's Hottest Companies of the Year Award a second consecutive year for its innovative technology, showcasing the company's Sage Timberline Office and Sage Master Builder business management solutions for the construction industry.

Constructech's Hottest Companies Awards identify the technology, building automation, and automated home technology providers that are making the biggest impact within the construction marketplace. The editors of Constructech magazine judge entries based on a range of criteria, including description of product/service, significant accomplishments in the past year, growth record for the past three years, noteworthy customer wins, and new products.

"This award is great news, but the real winners are our clients who truly benefit from the innovative technology Sage Software and our development partners provide," said John Geffel, Sage Software senior vice president and general manager, Construction and Real Estate division.

People's First Properties, Inc., located in Brandon, Fla., credits Sage Timberline Office with cutting their payroll processing time in half; reducing spending on mailing by nearly $40,000 per year, and holding growth of administrative staff to 10% while doubling overall staff to support the company's growth. Since 1983, the holding company has grown to include People's First Bank Community Bank with 33 bank branches, Royal American Construction, Royal American Management, and Royal American Hospitality.

"We rely on the software to manage more than 42,000 accounts, which range from the individual property level on up to the corporate office," said Ed Livingston, People's First Properties vice president of accounting. "We use it to perform intricate consolidations, send financial information to hundreds of lenders and investors and to do job costing and project management with its modules."

The Constructech Hottest Companies Award is the latest in a recent string of awards and recognition bestowed upon Sage Software for its products and services provided to the construction and real estate industries.

CPA Magazine just chose Sage Timberline Office and Sage Master Builder, as two of their Top 5 Construction software programs, as published in their June/July 2006 issue.

In the April/May 2006 issue, The CPA Technology Advisor awarded Sage Timberline Office a coveted 5-star overall ranking in their annual review of accounting and business management software designed for the construction industry. Sage Timberline Office scored perfect marks in all six review categories: learning curve, modules and functionality, import/export integration, support and training, reporting and relative value.

"This is an ideal product for construction and contracting companies who desire excellent integration, modular flexibility and top-notch job and equipment costing features," wrote reviewer Mary Girsch-Bock.

Sage Software has a growing portfolio of business management solutions specifically tailored for the construction industry. The portfolio is designed to provide support through the growth cycle of a construction business and includes:

Peachtree by Sage Premium Accounting for Construction: For small contractors, this award-winning entry-level system offers all of the accounting functionality plus construction-specific features and analysis tools they need to get started.

Sage Master Builder: When a business starts to outgrow Peachtree, Sage Master Builder provides more sophisticated features and increased support for construction accounting and operations.

Sage Timberline Office: For larger companies, Sage Timberline Office provides the most sophisticated level of functionality in the Sage Software portfolio of construction solutions.

All products are backed by Sage Software's award-winning support organization.

About Sage Software

Sage Software supports the needs, challenges and dreams of more than 2.6 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 accounting practices and the construction, distribution, 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 to mid-sized businesses. Formed in 1981, Sage was floated on the London Stock Exchange in 1989 and the Group now has 5.0 million customers and employs over 10,500 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. All other brands are trademarks of their respective companies.

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