Sage Software Buys Financial Software Assets

Sage Software's Scottsdale, Arizona-based ACT! unit said Monday that it has acquired software from VerticalFalls Software, in order to deliver compliance and document tracking for its ACT! contact and customer management software. Financial terms were not disclosed. The deal covers the intellectual property of VerticalFalls, and does not include VerticalFalls's professional services and reseller operations. ACT! is used by corporate customers to manage customer data and sales. Sage is a unit of Sage Group plc.