Sage, also known as Sage Intacct, is a privately owned company headquartered in the US. Founded in 1999, it employs approximately 1,130 individuals. The company specializes in software development, offering cloud financial management software tailored for small and medium-sized businesses.
On February 7, 2026, Sage CEO Steve Hare dismissed claims that artificial intelligence could destroy the company's business as "theatre," responding to a market selloff driven by such fears. Hare told The Mail on Sunday that AI models from firms like Anthropic and OpenAI cannot easily replace the specialized products Sage provides for accountants to check their books and manage corporate finances. This follows news from February 4, 2026, when Sage detailed the integration of AI into its Sage Intacct for Schools product, empowering staff to work more efficiently and focus on strategic priorities amid pressures such as tighter timelines, heightened audit scrutiny, and limited staffing capacity for school finance leaders.
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