Sage acquires Mateo cloud savings and loan software, so nonprofit and faith-based organizations can maximize donations
22 April 2022 - 7:31PM
Sage (FTSE: SGE), the leader in accounting, financial, HR, and
payroll technology for small and medium-sized businesses (SMBs),
today announced the acquisition of Mateo cloud savings and loan
software from MAS Integrated Solutions. The move deepens Sage’s
commitment to helping nonprofit and faith-based organizations
manage programs that involve a revolving loan fund.
MAS Integrated Solutions is a leading advisor helping Roman
Catholic diocesan organizations to digitally transform their
finances. The company is known within the sector for bringing a
true partnership approach to software implementations, as well as
for understanding the unique challenges posed to faith-based
organizations. Dean Michaud, founder and CEO of MAS Integrated
Solutions, will join Sage as part of the acquisition.
“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 EVP for Sage Intacct. “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.”
“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 Dean
Michaud. “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.”
Mateo, the only cloud-based Roman Catholic diocesan savings and
loans solution on the market, is already fully integrated with the
Sage Intacct cloud financial management system – giving joint
customers the ability to manage their savings and loans more
efficiently and effectively. This acquisition will enable for
continued and accelerated expansion of the integrated features and
provides Mateo customers with increased support as part of Sage’s
trusted network.
For more information on Sage’s commitment to helping nonprofit
and faith-based organizations strengthen stewardship, build
influence, grow funding, and achieve mission success, visit
https://www.sageintacct.com/financial-management-industries/nonprofit-accounting-software.
Press Contact:Peter
Olsonpeter.olson@sage.com408-878-0951
About SageSage exists to knock down barriers so
everyone can thrive, starting with the millions of small- and
mid-sized businesses served by us, our partners, and accountants.
Customers trust our finance, HR, and payroll software to make work
and money flow. By digitizing business processes and relationships
with customers, suppliers, employees, banks, and governments, our
digital network connects SMBs, removing friction and delivering
insights. Knocking down barriers also means we use our time,
technology, and experience to tackle digital inequality, economic
inequality, and the climate crisis. Learn more at
www.sage.com/en-us/ and www.sageintacct.com.
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