SAGE GROUP PLC 
LONDON - 1 October 2024 - Sage, a leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), is enhancing its supply chain software capabilities by acquiring Anvyl, a New York-based technology firm focused on the high-growth $20 billion supply chain software sector.
With this acquisition, Anvyl's end-to-end supply chain software will allow Sage to deliver a cost-effective Supply Chain Execution (SCE) solution that provides SMBs with complete visibility across their entire supply chains, from purchase order creation to warehouse delivery.
It combines intelligent purchase order management with a broad supplier network to be delivered through Sage Network, which is Sage's platform of products and services that benefits customers by connecting business ecosystems.
Mark Hickman, Managing Director, North America, Sage said: "Our acquisition of Anvyl reinforces Sage's commitment to offering comprehensive back-office solutions for SMBs, particularly in supply chain management. This move aligns with our strategy to expand beyond financials, providing a broader range of tools to help businesses thrive.
"By integrating Anvyl's technology with Sage's solutions, we're enabling businesses to connect with multiple buyers and suppliers, optimise operations, reduce costs, and enhance customer service - helping them stay competitive in the rapidly growing supply chain execution market. This acquisition also brings a highly skilled team from Anvyl, with deep expertise and a proven track record in the supply chain sector."
Rodney Manzo, CEO and Founder, Anvyl, said: "Anvyl is excited to continue its mission as the leading technology for global production. Sage's acquisition allows Anvyl to deliver world-class supply chain technology to the market, helping operational and production teams save time and manage their supply chain more efficiently. We look forward to being able to continue to support our customers and bring even more innovative products to the market."
About Sage
Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid-Sized Businesses served by us, our partners, and accountants. Customers trust our 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, removing friction and delivering insights. Knocking down barriers also means we use our time, technology, and experience to tackle digital inequality, economic inequality, and the climate crisis.
About Anvyl
Anvyl connects global supply chain teams, systems, and suppliers to improve collaboration and decision-making from pre-PO issuance through to warehouse delivery. This flexible tool facilitates real-time collaboration, automates key tasks and processes, and empowers teams with deeper insights that allow them to make smarter decisions, faster. To learn more, visit www.anvyl.com.
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Disclaimer
Sage Group plc published this content on October 01, 2024 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on October 01, 2024 at 17:37:03 UTC.
