Sage Partner, AWCape acquired by US firm

The acquisition may benefit AWCape (and it’s customers) by giving it access to Intacct features as they’re released in the US.  

Lescault and Walderman (LWI) - a firm that provides technology-driven accounting and finance services to small to medium businesses in the US has acquired a majority stake in AWCape, a South African Sage business partner. The company is also acquiring a minority stake in Applico, a Sage Authorised learning partner in the AWCape Group.

Matthew Lescault, Group Chairman & CEO at LWI, AWCape and Applico, says: “This transaction unlocks opportunities for LWI and AWCape to improve business efficiencies and grow in ways that would be impossible without each other. AWCape offers us a remarkable pool of talent that helps us to grow rapidly in the face of a shortage of Sage Intacct implementation skills in the US.

“AWCape, meanwhile, gains early exposure to new Sage Intacct features as they’re released in the US and the opportunity to hone its skills on global projects.”

The acquisition resulted in the merger of LWI and AWCape, both Sage Intacct partners. Sage Intacct is an advanced cloud-based platform for finance professionals.
LWI is acquiring stakes in the two South African companies because of significant revenue growth opportunities as well as to access high-quality Sage Intacct implementation skills to provide into the US market. The company will invest in growing their South African workforce and developing local talent in contribution to both its US and South African business strategy. 

AWCape is a strong player in South Africa’s HR and payroll solutions market, with more than 700 businesses on its client list. The company will continue to grow and invest in this set of solutions, with a vision to establish a larger base of South African clients beyond the Western Cape.

Note: This is an edited press release. For the full version, click here.