The Sage Group plc (“Sage”) (FTSE: SGE), the leader in accounting, financial, human resources (HR) and payroll technology for small- and mid-sized businesses, agreed to acquire Brightpearl, a cloud native multichannel retail management system for retailers and wholesalers.
Pagemill Partners, the Technology Investment Banking Practice of Kroll Corporate Finance, acted as exclusive financial advisor to Brightpearl in connection with the transaction.
Based in Bristol (UK) and Austin, Texas (U.S.), Brightpearl provides a retail operating system (ROS) for retailers and wholesalers. Its mission is clear: automate the back office so merchants can spend their time and money growing the business. Brightpearl’s ROS includes financial management, inventory and sales order management, purchasing and supplier management, CRM, fulfillment, warehouse and logistics. In addition, the system has high-performing connectors to the major e-commerce platforms, including Magento, BigCommerce and Shopify. Brightpearl’s platform manages over 10 million transactions and $5 billion of business a year.
Sage exists to knock down barriers so everyone can thrive, starting with the millions of small and mid-sized businesses serve, their partners and accountants. Customers trust their finance, HR and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs (small and medium businesses), removing friction and delivering insights. Knocking down barriers also means they use their time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.