Britain’s Sage Group PLC, whose Sage Software Inc. in Irvine is Orange County’s largest software maker, is making a $325 million acquisition and folding it into the local operation.
Sage is buying Nashville, Tenn.-based Verus Financial Management Inc. in a deal set to close next month. Verus, which makes credit card and check processing software, is set to become the North American merchant services division of Sage Software in Irvine.
Verus had 2005 sales of about $65 million, up 27% from a year earlier. Operating profit last year was $21 million. Customers include retailers, restaurants, gas stations and others.
San Francisco venture capital firm Financial Technology Ventures is selling Verus.
