Lockstep is led by CEO Peter Horadan, but its-cofounder, chief solutions officer, Bill Henslee, is probably better known to resellers, having been founder and CEO of Sage reseller e2b Teknologies. The purchase of Lockstep, employees more than 130 individuals, is described as “deepening Sage’s capabilities in the office of the CFO, while its API platform expands the ecosystem by enabling third parties to develop connected services, as Lockstep integrated with more than 40 accounting systems. Besides fielding payments products, Lockstep also markets trade finance and lending applications.
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SAGE BUYING LOCKSTEP Featured
The Sage Group has agreed to buy Seattle, Wash.-based Lockstep, whose software is designed a variety of applications, including AP and AR workflows. Terms were not disclosed.
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