Human resource start-up Fairsail acquired by accounting software firm Sage
Deal will see Sage take full ownership of Fairsail, with the two firms combining functionality and targeting international customer acquisition
Fairsail, the cloud-based human capital management (HCM) start-up, has been acquired by accounting software provider Sage.
Founded in 2007, Reading-based Fairsail helps mid-sized multinational businesses, including Paddy Power Betfair, Skyscanner, Trainline and Trustpilot manage their workforces.
The human resource start-up claims to have grown from £1m to £10m in revenues over the last three years, securing more than 140,000 users across 20 countries.
Previously a minority shareholder, the deal will see Sage take full ownership of Fairsail. The two businesses launched Sage People together last year, which enabled Fairsail to include payroll as part of its functionality and Sage to offer people, payroll, payments and accounting on a single cloud solution.
Fairsail and Sage are expected to pursue growth opportunities through international customer acquisition and cross-selling to their combined customer base.
Adam Hale, CEO of Fairsail, said: “Our ambition is to be the global leader for HCM and people solutions in the mid-market. The combination of Fairsail with Sage turbocharges that goal.
“Sage People provides customers with full visibility of their people, increases HCM productivity and delivers great workforce experiences, improving engagement and enabling people to do their best work.”
Stephen Kelly, CEO of Sage, added: “Building on our successful partnership with Fairsail, this acquisition will accelerate our people offering, ensuring our customers can manage people, their most precious asset, with visibility of the rest of their business.
“This integrates everything from talent acquisition to people analytics in one online system – helping businesses in recruiting, engaging and retaining top talent.”