Personal Group inks three-year contract with Sage (UK) Ltd

Personal Group Holdings said it has signed a three-year agreement with Sage (UK) Ltd to launch Sage Employee Benefits, a new employee-engagement product designed for the SME market.

This follows an announcement made by Personal Group on 19 April. Sage (UK) is a subsidiary of Sage Group.

AIM-quoted Personal Group said it was providing Sage with its proprietary technology platform Hapi.

It added that this Software as a Service platform would operate on a monthly subscription model for Sage's payroll customers with no upfront fee.

"This is a significant step in the continuing advancement of Personal Group's delivery of leading employee benefit packages and is a significant extension of Hapi," it said in a statement.

Launching immediately, Sage Employee Benefits would be sold by Sage initially to its Payroll 50 customers reaching about 50% of the private sector employees in the UK.

Sage Employee Benefits integrates the Hapi platform with the Sage Payroll 50 product.

"This agreement opens up a completely new and incremental channel to market for the Company to target the 15.7m employees in the SME sector," said Personal Group.

At about 11:28 GMT, shares in Personal Group were up 1.76% to 432.5p each.