Sage has acquired New York-based technology firm Anvyl. The latter’s focus on the $20-billion supply chain software sector will augment Sage’s capabilities in this sector, the Atlanta-based accounting, financial, HR and payroll technology provider for small and mid-sized businesses (SMBs) indicated while announcing the deal on October 1.
Mark Hickman, managing director, North America, Sage, said that the acquisition aligned with the company’s strategy to expand beyond the financial sector and provide a broad range of tools to various businesses.
“By integrating Anvyl’s technology with Sage’s solutions, we’re enabling businesses to connect with multiple buyers and suppliers, optimize operations, reduce costs, and enhance customer service – helping them stay competitive in the rapidly growing supply chain execution market,” he said.
According to Sage, Anvyl’s software that covers the entire supply chain will allow it cost-effectively deliver supply chain execution (SCE), providing SMBs with visibility from purchase order creation to warehouse delivery.
“Sage’s acquisition allows Anvyl to deliver world-class supply chain technology to the market, helping operational and production teams save time and manage their supply chain more efficiently,” Rodney Manzo chief executive officer and founder of Anvyl said.
Anvyl’s supply chain solution combines intelligent purchase order management with a broad supplier network. It will now be delivered through Sage’s platform of products and services meant to connect business ecosystems, especially for SMBs.
