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Sage Continues Acquisition Spree With CakeHR

December 01, 2019 / PYMNTS.com

Enterprise software provider Sage is expanding through the acquisition of human resources (HR) solutions provider CakeHR. On Thursday (Nov. 28), CakeHR announced on its company blog that Sage is acquiring the firm to integrate its HR offerings into Sage’s broader enterprise resource planning (ERP) and small business software tools. CakeHR noted that customers will still be able to use its solution as usual, with the takeover providing funding for CakeHR to invest in its platform. The company said users will experience elevated speed and support, and a larger toolset offering as a result of the acquisition. According to separate reports in Tech.eu, London-based CakeHR has a customer base of 27,000 users around the globe. Its offerings include HR technology and compliance. Sage’s acquisition will integrate CakeHR’s offering via open API, allowing CakeHR users to access Sage’s range of services, including payroll, from directly within the platform.