Business solutions provider
Mateo's software is already fully integrated with the Sage Intacct cloud financial management system, meaning customers of both services are able to use it to manage savings and loans. With the acquisition, further integrations and support will be added. Overall, the acquisition allows Sage to expand further into the nonprofit and faith-based organization space.
“The acquisition of Mateo is a natural fit for our vertical strategy and will enable us to deliver added value to organizations in the nonprofit sector — one of the key vertical markets for Sage,” said Dan Miller, Sage’s executive vice president for Sage Intacct, in a statement. “By automating processes and improving insights that faith-based nonprofits need around their savings and loan programs, we are knocking down the barriers to their growth and ensuring they can focus on the outcomes that further their missions.”
Dean Michaud, founder and CEO of MAS Integrated Solutions, will join Sage as part of the acquisition.
“For over half a decade, we’ve had a sole focus on helping faith-based organizations digitally transform their operations and make the most of their savings and loans programs,” said Michaud, in a statement. “We couldn’t be more excited about the opportunity that joining with Sage will provide in scaling our expertise and the reach for our Mateo software. We would have never agreed to work with an organization which didn’t share our commitment to the local faith-based community.”
