Sage acquires £10m stake in Fairsail HR software

sage-fairsail

Sage has announced an expansion of its strategic partnership with UK HR software company Fairsail to deliver cloud-cased HR software to mid-sized enterprise customers

As part of the relationship, Sage will also make a minority investment of £10 million and take a seat on Fairsail’s board. Sage said it signals a commitment to make the partnership a success and allows Fairsail to invest further in its product.

Fairsail will become the cloud HR “platform of choice” to accompany Sage’s X3 Business Management Solution which serves mid-sized enterprise businesses. Sage X3 and Fairsail products will work together to provide companies with “better processes to manage financials, supply chain, payroll, workforce and talent management, all in the cloud”, the companies announced.

It was also announced that Sage will implement the Fairsail solution internally as its own global HR solution.

Alan Laing, executive vice president of partnerships and alliances at Sage said “As part of our ever expanding network of partnerships and alliances, we are very excited to further develop our relationship with Fairsail.

“We are committed to providing customers with the solutions they need to compete and grow in today’s global, digital economy. This complementary powerhouse of business management and HCM [Human capital management] solutions will enable our customers to gain a competitive advantage.”

Adam Hale, Fairsail’s CEO, said: “We are delighted to partner further with Sage, the world’s leading software provider for small and medium businesses. The Fairsail cloud HR solution brings significant benefits to customer quickly, enabling businesses to remain agile and responsive. This investment will allow us to grow our customer success, product innovation and our fabulous team globally.”

The announcement came as Sage reported interim 2016 results showing revenue growth of 10% for the first time this decade, as well as a 50% increase in software subscriptions to 842,000.

Fairsail enables mid-sized, multinational companies to manage modern workforces through its global cloud HR software, allowing organisations to acquire, engage, manage and develop their people. It is built on the SalesForce platform.

No comments yet.

Leave a Reply