Deals

Sage to Sell U.S. Payments Unit, Flags Brexit Risk to Hiring

U.K. company to keep U.K. & Ireland and South African business
Software company to continue strategy of bolt-on acquisitions

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By Giles Turner and Aaron Ricadela

May 3, 2017 at 7:26 AM UTC

Updated on

May 3, 2017 at 10:04 AM UTC

This article is for subscribers only.

U.K. software company Sage Group Plc has concluded a review of its global payments business and has put its U.S. arm up for sale.

Sage confirmed that U.S. division Sage Payment Solutions, which helps merchants process and manage card and mobile payments, is now classified as an asset held for sale and a discontinued operation, in a trading statement Wednesday.