SOURCE: Sage Software

August 22, 2006 09:00 ET

Sage Software Promotes Karl Grass to Senior Vice President and General Manager for Specialized Business Solutions

Grass Assumes Leadership Role for Sage Abra HRMS, Sage FAS Fixed Assets, Sage Payroll Services, and Sage TimeSheet, Plus Additional Products/Services

ST PETERSBURG, FL -- (MARKET WIRE) -- August 22, 2006 -- Sage Software today announced the promotion of Karl Grass to senior vice president and general manager for its Specialized Business Solutions unit, reporting to Jim Foster, executive vice president and general manager for Mid-Market Business Units. Grass previously served as vice president and general manager for the company's Sage Abra HRMS and Sage Payroll Services businesses, part of Specialized Business Solutions. In his new role, he is responsible for strategic, operational, and technology planning for Sage Software's specialized products and services, which include Sage FAS Fixed Assets, Sage TimeSheet, Sage Carpe Diem, and Sage Active Planner, in addition to Sage Abra HRMS and Sage Payroll Services, which includes the Sage Compliance Services solutions.

"We are fortunate to have executives of Karl's caliber who continue to deliver on Sage Software's legacy of excellence in all areas of product and service delivery," said Foster. "Since joining the company earlier this year, Karl has already achieved much success. Now all of our specialized solutions customers will benefit from his leadership."

Before joining Sage Software in February 2006, Grass was vice president and general manager of Intuit's Professional Tax Group in Dallas, and prior to that, he was a partner at Arthur Andersen, serving in a general manager role for Andersen Technology Enterprises, the company's packaged software business, in Sarasota, Fla. In 2004, he was named one of the Top 100 Most Influential People in Accounting by Accounting Today magazine.

Grass holds a bachelor of arts in accounting from Duke University in Durham, N.C. He will continue to work out of Sage Software's St. Petersburg, Fla., office, where several Specialized Business Solutions teams are located.

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.

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