Sagent Technology Inc, the Mountain View, California-based provider of e-business analytic applications, has expanded its European operations with the acquisitions of its distributors in Germany and France. Under the terms of the deal, Sagent will acquire all of the outstanding stock of Sagent Technology GmbH and Sagent France SA for roughly $2.8m in cash and stock. The acquisitions have already closed.
The newly-acquired units have sold Sagent software into companies including Siemens AG, UTA Telekom AG, Gaz de France SA and Carrefour SA. Sagent says the deals underscore its commitment to the expansion of its direct presence in the European marketplace. The company acquired its UK-based distributor in July. In addition to the recent acquisitions, Sagent has distribution partners in the Benelux region and Spain.
