The takeover is said to grow Sage Intacct’s reach in the retail and ecommerce segment


Sage to acquire the remaining 83% stake in Brightpearl. (Credit: TubularWorld/

Sage Group, a UK-based enterprise software company, has agreed to acquire the remaining 83% stake in Brightpearl, a retail operating system, for $299m.

Based in Bristol, UK, and Texas, Brightpearl caters to retailers and wholesalers with a cloud native multichannel retail management system.

The company’s SaaS-based retail operating system is said to enable real-time business insights and automation of workflows to help customers save time and money.

For the current year, the company is projected to generate $27m in revenues.

In September 2021, Brightpearl had acquired Inventory Planner, a demand planning tool that helps e-commerce retailers in predicting demand and optimising inventory.

Brightpearl CEO Derek O’Carroll said: “We are thrilled to be joining Sage. Bringing our two teams together will combine the retail strength of Brightpearl and the scale, brand and financial expertise of Sage, enabling us to offer customers the most innovative financial and retail operating solutions so they can grow fearlessly, save time and deliver outstanding experiences.”

According to Sage, the transaction will expedite its growth strategy, which includes scaling Sage Intacct, a provider of cloud-based financial management and services.

Sage said that the combination of Brightpearl and Sage Intacct will result in a powerful solution for wholesalers and retailers, which integrates financial management, sales order management, inventory planning, customer relationship management (CRM), purchasing and supplier management, warehousing, fulfilment, and logistics management.

Besides, the full ownership of Brightpearl will enlarge the value proposition for mid-sized businesses and grow its digital network, said Sage.

Sage CEO Steve Hare said: “Sage’s purpose is to knock down barriers so everyone can thrive. Together, Sage and Brightpearl will remove the barriers that hold back retailers and wholesalers, streamlining their systems and enabling them to focus on growth.

“I’m delighted to welcome Brightpearl, its management team and colleagues to Sage, and look forward to executing on our strategic priorities together and delivering accelerated growth.”

The deal, which is contingent on regulatory clearance under the Hart-Scott-Rodino Act in the US, is anticipated to close in January 2022.