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SAGE NORTH AMERICA GETS NEW CFO

Marc Scheipe, SageSage North America has hired Marc Scheipe as its new CFO. And that ends a period of three months in which the company has not had a permanent CFO. The job opened up after the former occupant of the job, Marc Loupe, became EVP of Sage CRM Solutions and Nonprofit Solutions, whose products are being sold by the company. Since then, Karen Mortham has been acting CFO. Scheipe was most recently CFO of global business functions at Ally Financial, where he served starting in February 2009.

Prior to that, he was CEO and president of FrontStream Payments from May 2007 through February 2009.  Saying that Loupe is an SVP is a bit misleading, even though his picture is still on the Sage webpage and he is described as holding that position. According to CEO Pascal Houillon, Loupe is no longer with the company. "Marc left Sage last November. He is still helping me with the divestiture but as a consultant," Houillon said. Loupe took over the CFO position in 2008. Sage is selling SalesLogix and Act to SwiftPage and the fund accounting line to a company that has been formed, but apparently not yet named, that is owned by Accel-KKR. That investment firm also purchased SwiftPage prior to the announcement of the deal which has not yet closed. In European, the parent Sage Group is selling C&I, ATL, Automotive and Aytos.  One of the interesting tidbits about Scheipe is that he is a certified Six Sigma Black Belt which probably says something about the way he will be doing business.

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