Sage Group to Acquire Lockstep

August 16, 2022

The Sage Group plc agreed to acquire Lockstep, a cloud-native provider of “connected accounting” that automates accounting workflows between companies. The deal expands Sage’s digital network for small and mid-sized businesses by adding Lockstep’s API platform and workflow automation capabilities, with Lockstep’s management team joining Sage to support the growth initiative.

Buyers
The Sage Group plc
Targets
Lockstep
Industry
Cloud & SaaS
Location
Washington, United States
Transaction Type
Buyout

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