Sage buys US-based Lockstep for undisclosed sum

UK software company Sage Group said it had bought Lockstep, a provider of cloud native technology that automates accounting workflows between companies, for an undisclosed sum.

Headquartered in Seattle, Washington (US) and employing more than 130 staff colleagues, Lockstep develops products and services that streamline accounting processes, “allowing customers to save time, eliminate human error and improve cash flows”, Sage said on Tuesday.

Reporting by Frank Prenesti at Sharecast.com