StockMarketWire.com - Software group Sage said it had agreed to sell its Swiss business to Infoniqa for around CHF 50 million (£39 million).

For the year ended 30 September 2020, the business achieved revenue of £25 million and operating profit of £4 million.

Infoniqa was a provider of HR software solutions majority-owned by Warburg Pincus.

Sage had previously announced that the business was held for sale in its full year results announcement on 20 November.




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