Pinnacle Computing (Support) Limited agreed to acquire Sage Business from K3 Business Technology Group plc (AIM:KBT) for £1.7 million on September 20, 2021. The consideration will be paid in cash. In the financial year to November 30, 2020, the Sage Business generated revenue of £5.2 million and a pre-tax loss of £1.0 million, current recurring revenues are £3.1 million with gross profit of £1.5 million. Net liabilities stood at approximately £1.0 million at May 30, 2021. The transaction is expected to complete in early October 2021. Julian Blunt, James Thompson, Richard Chambers and Sunila De Silva of finnCap Ltd acted as financial advisor to K3 Business Technology Group plc.