IRVINE, CA--(Marketwire - March 17, 2011) - The 2010 edition of the Gartner Magic Quadrant for ERP for Product-Centric Midmarket Companies(1) released in December 2010 has confirmed the inclusion of Sage ERP X3 in its Product-Centric Midmarket Companies Magic Quadrant. As part of the Sage ERP portfolio, Sage ERP X3 is a full-service enterprise management software system for mid-market businesses aimed at meeting the most elaborate business processes, while remaining cost-effective, quick to implement and simple to use.
To be included in the Magic Quadrant, an ERP solution must fulfill all of the following criteria:
- Geography: The vendor must serve at least two of the following three global regions: North America; Europe, the Middle East and Africa [EMEA]; and Asia/Pacific. The product must have a minimum of 20% of new customer entities in at least two of these three geographies.
- Installed base: The vendor must have at least 1,000 customers in a product's installed base to qualify, and the installed base distribution must be at least 20% in two of the three geographies.
- New license sales: Of quarterly license revenue per product submitted, 10% must come from net-new customers. Also, two of the three geographies must contribute at least 20% of new license sales each.
- Viability: The offering must be a viable and supported offering at the time of publication of this Magic Quadrant.
- Application functionality: The functionality provided by the vendor in the application must contain the systems of records for G/L and product master, plus at least four of the following systems of record: order data, customer master, employee master, vendor and supplier master, purchasing, contracts, assets, pricing, cost, quality and planning.
- Architecture: The majority of an application must be in one architecture and data model (application platform), or the vendor must have a credible vision for accomplishing this.
With 6.3 million customers worldwide, the Sage Group plc is the leading global supplier of business management software and services for small to medium-sized businesses. Sage ERP X3 has experienced consistent customer growth since its acquisition by Sage in 2005, growing 41% (in terms of customers) over the past 3 years and expanding its presence into 53 countries (from 13 in 2005). Sage ERP X3 is strengthened by the energy of its operational countries, whose activity and expertise in their respective markets are key drivers for sales, development and R&D. A good illustration is the launch of the V6 product in January 2010, which was co-developed by UK, North America, Spain, Portugal, France and Italy.
Sage ERP X3 in North America is a core solution for the industries of hard goods manufacturing, wholesale distribution, chemicals, food and beverage, and life sciences, fulfilling the need for out-of-box vertical capability and up-market scalability. Designed for international mid-market businesses, Sage ERP X3's intrinsic design easily supports multi-country, multi-entity, and multi-site operations all on a single enterprise system.
According to Christophe Letellier, Sage ERP X3 Worldwide General Manager, "Sage ERP X3 is a cornerstone in Sage Group's portfolio and a key growth opportunity. Our Sage DNA helps us leverage the best of each country's capacity and technology in one integrated global solution to support mid-market companies."
"Sage ERP X3 is a highly strategic component of the Sage ERP portfolio in North America," stated Laurie Schultz, Sr. VP and GM of Mid-Market ERP for Sage North America. "Its ease of use, rapid implementation, and cost effectiveness make it a smart choice for businesses. As a complementary and incremental growth opportunity for us, Sage ERP X3 nicely rounds out the Sage ERP product portfolio, positioning well in the upper mid market segment."
(1) Gartner, Inc., Magic Quadrant for ERP for Product-Centric midmarket companies , C. Hestermann, C. Pang, N. Montgomery, 17 December 2010.
About The Sage Group plc
The Sage Group plc is a leading global supplier of business management software and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has 6.3 million customers and 13,400 employees worldwide. Sage operates in over 24 countries covering the UK, Europe, North America, South Africa, Australia, India and China. For further information please visit www.sage.com.
About Sage ERP X3 (http://www.sageerpx3.com)
Sage ERP X3 is a dedicated solution for mid-market and larger companies with international demands enables its clients to transform and perform through technologies. Over 3,000 customers representing 165,000 users worldwide already chose Sage ERP X3 because it is easy to use, fast to deploy and cost effective. For more than 10 years Sage ERP X3 has been a proven and comprehensive ERP solution addressing mid-market companies' specific requirements and challenges in various industries from manufacturing, services to distribution and many more. Sage ERP X3 is present in 53 countries and counts a network of more than 1,500 Sage professionals and 200 partners in its ecosystem.
Contact Information:
Press Contact:
Melody Chalaban
Sage
949-754-3503
melody.chalaban@sage.com