Sage Acquires Merchant Services Business Verus Financial
Verus has grown rapidly organically, following a series of acquisitions in 2002 and 2003. Revenue for the year ended December 31, 2005 was approximately $64 million* (2004: $51 million), representing a growth of 26% on the prior year. Operating profit before depreciation and amortization was approximately $21 million* (2004: $7 million), having grown strongly during…