SOURCE: Sage Software

July 11, 2007 09:00 ET

Sage Software Names Lisa Codispoti Chief People Officer

IRVINE, CA--(Marketwire - July 11, 2007) - Sage Software, the North American operations of UK-based The Sage Group plc (LSE: SGE.L) announced today the appointment of Lisa Codispoti as chief people officer, responsible for all of the company's human resources functions in North America. Sage Software employs more than 5,000 people.

Ms. Codispoti was previously with Outsourcing Solutions, Inc., the leading international provider of outsourced accounts receivables and "credit-to-cash" management, where she served as executive vice president and chief human resources officer, responsible for all aspects of the company's HR operations, including managing a team of 70 HR professionals. Prior to working with Outsourcing Solutions, Inc., Ms. Codispoti was a consultant for a number of major firms in the U.S. and Canada. Ms. Codispoti also spent 6 years with Key Bank and 10 years with GE Capital as a leader in both line and staff functions. She has been responsible for whole lines of business, with one assignment including an acquisition integration role in Leeds, England.

Ms. Codispoti holds a BA in Business from Walsh University, Ohio, and an MBA from Case Western Reserve University, Ohio.

Sage Software is the North American business of The Sage Group plc, the world leader in providing accounting and ERP systems for businesses with fewer than 500 employees, according to 2005 figures* from IDC. Sage Software has grown rapidly over the past 10 years, through both acquisition and internal development. The company has acquired and integrated into its portfolio 22 businesses since 1998, including many market-leading brands such as ACT! by Sage, Sage SalesLogix, Sage Timberline, Sage MAS 90 ERP, Sage Abra HRMS, Sage Accpac, Peachtree by Sage, Simply Accounting by Sage, and others. In May 2007 the company announced the creation of two new divisions, the Business Management Division and the Industry and Specialized Solutions Division, which join the Healthcare Division and the Payment Solutions Division in a move to provide even greater focus on the distinct customer segments the company serves. As a member of the senior executive team, Ms. Codispoti will play an integral role in the company's continuing development as it serves more than 2.8 million businesses throughout North America.

* Data based on software license and related product revenues. Source: IDC, Worldwide ERP Applications 2005 Vendor Shares: Top Vendors in Large, Medium-Sized, and Small Customer Segments, Doc #203672, Oct 2006

About Sage Software

Sage Software supports the needs, challenges and dreams of more than 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 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 5.4 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.

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