Sage buys Tetra

Sage buys Tetra

SAGE, the accounting software group, yesterday announced its third deal this year with the takeover of Tetra, the business software supplier, for a mixture of shares and cash which values the company at pounds 76m. Paul Walker, Sage's chief executive, said Tetra's products would help fill a gap in the company's mid-market range. Sage would also be able to offer better distribution for the products in France, Germany and the United States.

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