Contact Information: Contact: Ryan Zuk Sage Software 480-368-3818 ryan.zuk@sage.com Shana Keith Porter Novelli 404-995-4557 shana.keith@porternovelli.com
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
| Source: Sage Software
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.