The Sage Group plc (LSE:SGE) agreed to acquire Intacct Corporation from Bessemer Venture Partners, Hummer Winblad Venture Partners, Split Rock Partners, LLC, Battery Ventures, Emergence Capital Partners and others for $850 million on July 25, 2017. The Sage Group plc agreed to pay total consideration in cash and rolled over The Sage Group plc's options. Approximately $43 million of the transaction value will be rolled over into options to purchase Sage shares at a fixed exchange ratio based on Sage's share price in the period prior to completion. Key members of the Intacct executive management are rolling a minimum of 25% of their proceeds into new Sage options, vesting in 12 months assuming continued employment - in addition to other retention incentives being provided. Post-acquisition, Intacct Corporation will be renamed as Sage Intacct. Intacct Corporation reported revenues of approximately $88 million for twelve months ended to June 2017. Intacct's Chief Executive Officer, Robert Reid will remain to run the business. The transaction is subject to customary completion conditions and is expected to complete within weeks. Evercore Partners Inc. (NYSE:EVR) acted as financial advisor for The Sage Group plc. Citigroup Global Markets Limited acted as financial and corporate broking adviser and Jeffrey Brill, Karen L. Corman, Nathan Giesselman, Marc Packer, Kenneth Schwartz and Joseph Yaffe of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors for The Sage Group plc. Morgan Stanley & Co. LLC acted as financial advisor and Kris Withrow, Ryan Slunaker, Shen Zhang, Maureen Montgomery, Jennifer Cho, Amanda Baratz, Ralph Pais, Joseph Schenck, Russell Wong, Jalila Sparks, Emily Lippincott, Marshall Mort, Kristin O’Hanlon, Sander Schouten, Alex Galev, Mark Ostrau, Ashley Walters, Saundra Riley, Will Skinner and Michael Knobler of Fenwick & West LLP acted as legal advisors for Intacct Corporation. Charles Palmer and Dwight Burden of FTI Consulting acted as public relations advisors for The Sage Group plc. The Sage Group plc (LSE:SGE) completed the acquisition of Intacct Corporation from Bessemer Venture Partners, Hummer Winblad Venture Partners, Split Rock Partners, LLC, Battery Ventures, Emergence Capital Partners and others on August 3, 2017. Intacct Corporation was renamed to Sage Intacct on completion of the transaction.