Sage Acquires Financial Software Mateo
Summary
Accounting, financial, HR, and payroll technology firm Sage has acquired Mateo, a cloud-based savings and loan software system, from MAS Integrated Solutions. MAS Integrated solutions assists Roman Catholic diocesan organization in bringing digital capabilities to their financial operations. Sage will continue to target Roman Catholic diocesan organizations while expanding Mateo’s reach into other microsegments within the nonprofit sector, including its current relationships within the faith-based segment. “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,” Michaud said in a statement. “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.