Sage has acquired Alchemex, which makes business intelligence products for the Sage product line. Alchemex is based in South Africa. A spokesperson for Sage North America confirmed the deal but the company has not made any details available. The acquistion was effective on October 1. Alchemex also markets Excel-based products for Syspro and SAP Business One. The company was founded in 2000.
SAGE BUYS ALCHEMEX
Bob Scott has been informing and entertaining the mid-market financial software community with his email newsletters for 10 years. And he has been covering this market through print publications for 18 years, first as technology editor of Accounting Today and then as the Editor of Accounting Technology from 1997 through 2009. He has covered the traditional tax and accounting profession during the same time and continues to address that as executive editor of the Progressive Accountant.