RealTime IT News

Sagent Buys Its UK Distributor

Internet intelligence solution provider Sagent Technology, of Mountain View, Calif., has acquired its distribution partner in the UK for approximately $2.3 million in cash and stock.

At the same time, Sagent announced Thursday that it has established distribution partners in Benelux and Spain.

Sagent Technology Benelux B.V.i.o will distribute the company's products in Belgium, The Netherlands and Luxembourg. Sagent Technology Iberica S.A. will do the same in Spain.

"As the number of Internet users continues to grow, Sagent believes that the demand for Web-based information access, analysis and delivery will increase significantly," said Ken Gardner, Sagent's president and CEO.

"The international arena represents a tremendous growth opportunity for the company and we will continue to identify new partners to help us achieve our growth objectives."

Sagent's flagship product is the Sagent Solution, a single-source software platform for assembling and distributing information to business users.