Sage is enhancing its supply chain software capabilities by acquiring Anvyl, a New York-based technology firm focused on the high-growth $20 billion supply chain software sector. Sage is a global provider of accounting, financial, HR and payroll technology for small and mid-sized businesses.
With this acquisition, Anvyl’s end-to-end supply chain software will allow Sage to deliver a cost-effective Supply Chain Execution (SCE) solution that provides SMBs with complete visibility across their entire supply chains, from purchase order creation to warehouse delivery.
It combines intelligent purchase order management with a broad supplier network to be delivered through Sage Network, which is Sage’s platform of products and services that benefits customers by connecting business ecosystems.
“Our acquisition of Anvyl reinforces Sage’s commitment to offering comprehensive back-office solutions for SMBs, particularly in supply chain management,” said Mark Hickman, Managing Director, North America. “This move aligns with our strategy to expand beyond financials, providing a broader range of tools to help businesses thrive.
“By integrating Anvyl’s technology with Sage’s solutions, we’re enabling businesses to connect with multiple buyers and suppliers, optimise operations, reduce costs, and enhance customer service – helping them stay competitive in the rapidly growing supply chain execution market. This acquisition also brings a highly skilled team from Anvyl, with deep expertise and a proven track record in the supply chain sector.”
Rodney Manzo, CEO and Founder, Anvyl, said: “Anvyl is excited to continue its mission as the leading technology for global production. 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. We look forward to being able to continue to support our customers and bring even more innovative products to the market.”
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Tags: Accounting
