Pagemill Partners, the Technology Investment Banking division of Kroll Corporate Finance, advised Brightpearl on its sale to Sage
The Sage Group plc (“Sage”) (FTSE: SGE), the leader in accounting, finance, human resources (HR) and payroll technology for small and medium-sized businesses, has agreed to acquire Brightpearl, a cloud-native multi-channel retail management. system for retailers and wholesalers.
Pagemill Partners, the Technology Investment Banking division of Kroll Corporate Finance, acted as exclusive financial advisor to Brightpearl on the transaction.
Based in Bristol (UK) and Austin, Texas (USA), Brightpearl provides a retail operating system (ROS) for retailers and wholesalers. Its mission is clear: to automate the back office so merchants can focus their time and money on growing the business. Brightpearl’s ROS includes financial management, inventory and order management, purchasing and supplier management, CRM, fulfillment, warehouse and logistics. Moreover, the system has powerful connectors to major e-commerce platforms including Magento, BigCommerce, and Shopify. Brightpearl’s platform handles over 10 million transactions and $5 billion in revenue annually.
Sage exists to break down barriers so everyone can thrive, starting with the millions of small and medium-sized businesses we serve, their partners and their accountants. Clients trust their finance, HR, and payroll software to keep work and money flowing. By digitizing business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMEs (small and medium-sized enterprises), removing friction and providing insights. Breaking down barriers also means they are using their time, technology and experience to tackle digital inequality, economic inequality and the climate crisis.