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GP BULLHOUND ADVISED ANVYL ON ITS SALE TO SAGE GROUP

Innovating Supply Chain Management for SMBs

New York, 9 October 2024 - GP Bullhound is pleased to announce its role as the exclusive financial advisor to Anvyl, a U.S.-based supply chain software company, in its acquisition by Sage Group, a U.K.-based leader in accounting, financial, HR, and payroll technology. This strategic acquisition will enable Sage to deliver a comprehensive Supply Chain Execution (SCE) solution for small and mid-sized businesses (SMBs), offering complete visibility across their entire supply chains.

Founded in 2017, Anvyl is an intelligent purchase order (PO) management platform designed to facilitate real-time collaboration between teams, suppliers, and technology. Anvyl’s platform allows consumer brands to efficiently collaborate internally and externally, gain end-to-end visibility into purchase orders, and leverage automation to ensure the highest levels of accuracy and agility throughout their supply chain. Additionally, Anvyl provides a marketplace platform, connecting brands directly with suppliers to streamline material purchasing.

The acquisition is part of Sage’s strategy to expand its presence in the $20 billion supply chain software sector. By integrating Anvyl’s cutting-edge supply chain management technology, Sage will be able to enhance its current product suite with a cost-effective, end-to-end SCE solution. This addition will empower SMBs with greater visibility from purchase order creation to warehouse delivery, improving operational efficiency and decision-making through Sage Network, Sage’s ecosystem of connected products and services.

Rodney Manzo, Founder and CEO of Anvyl commented: “From day one, GP Bullhound supported Anvyl throughout the process. Their advice and counsel were critical in getting the sale to the finish line. I would highly recommend them and would use them again.”

Mark Hickman, Managing Director, North America, Sage said: “Our acquisition of Anvyl reinforces Sage’s commitment to offering comprehensive back-office solutions for SMBs, particularly in supply chain management. This move aligns with our strategy to expand beyond financials, providing a broader range of tools to help businesses thrive.”

Eric Crowley, Partner at GP Bullhound, added: “We’re thrilled to have advised Anvyl on its acquisition by Sage, a move that will empower SMBs with stronger supply chain capabilities and operational efficiency. This partnership marks an exciting step forward in the supply chain software space.”

Enquiries:
For enquiries, please contact:
Eric Crowley, Partner, at eric.crowley@gpbullhound.com
Press: press@gpbullhound.com

About Anvyl
Anvyl connects global supply chain teams, systems, and suppliers to improve collaboration and decision-making from pre-PO issuance through to warehouse delivery. This flexible tool facilitates real-time collaboration, automates key tasks and processes, and empowers teams with deeper insights that allow them to make smarter decisions, faster. To learn more, visit www.anvyl.com.

About Sage
Sage exists to knock down barriers so everyone can thrive, starting with the millions of Small and Mid-Sized Businesses served by us, our partners, and accountants. Customers trust our finance, HR, and payroll software to make work and money flow. By digitising business processes and relationships with customers, suppliers, employees, banks and governments, our digital network connects SMBs, removing friction and delivering insights. Knocking down barriers also means we use our time, technology, and experience to tackle digital inequality, economic inequality, and the climate crisis. 

About GP Bullhound

GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm operates across 12 offices in Europe and the US. For more information, visit www.gpbullhound.com.

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