Brightpearl joins forces with Sage Plc

I am delighted to be able to share some exciting and game-changing news about Brightpearl. 

Sage has acquired full ownership of Brightpearl. This acquisition is a huge milestone for our company. Take a moment to read the official statement published here.

We have worked hard to find the best growth partner for our business, people and future plans, and we’re incredibly excited to be joining the Sage family. 

That said, this is just the beginning for Brightpearl as we become the new retail and e-commerce vertical of Sage Intacct. I believe this acquisition provides enormous scope to accelerate our growth ambitions. 

While we look forward to an exciting future, I want to give thanks to those whose significant impact has led us to this position.  

Firstly, a huge thank you to our brilliant team – whether long-tenured or short – you have all made significant contributions to Brightpearl’s story of success. It is as a direct result of the expertise, hard work and commitment from our incredible staff that we find ourselves in this exciting position, and I am immensely proud of all we have accomplished together. 

I also want to mention the support of our long-term investment partners, including Cipio Partners, MMC Ventures, Verdane, and Notion Capital, which has been invaluable in allowing us to innovate our product and expand our reach of operations internationally. 

In addition,  our finance advisors Pagemill and our amazing legal team at Morgan Lewis who have helped us so much. We thank them all immeasurably. 

Brightpearl’s Chairman, Maurice Helfgott, must also be credited for having a huge impact on our team. Maurice came onboard with a sterling reputation for transforming the fortunes of consumer and fashion businesses, and his drive, vision, tenacity and leadership has continually challenged and pushed us forward. During his tenure as Chairman, we have seen enormous growth and Maurice has been integral to that – we are  thankful for his contributions which led us to this position. 

I would also be remiss if I did not thank our Board for their contributions, especially at key turning points, as we made decisions to put the business on a fast track to growth and success. Our achievements would not have been possible without their wise counsel and patient advice

Stronger, Together
This news represents the next chapter of our story. We’ll be bringing our two teams together to combine the retail strength of Brightpearl and the scale, brand and financial expertise of Sage to offer our customers an innovative, no compromise option beyond what they can expect with other popular providers. 

2022 is now set up to be an exceptionally bright year for us, and we look forward to accelerating the execution of our strategic plans and working closely with Sage to build on the tremendous success we have seen at Brightpearl. 

But first – it’s time for a break!

Happy Holidays everyone

Derek

CEO, Brightpearl