Newcastle-based Sage Group, the UK’s largest tech company, said it agreed to acquire Fairsail, the fast-growing cloud human capital management system for mid-sized businesses.

Currently a minority shareholder, the acquisition will see Sage take full ownership of Fairsail.

“Fairsail has been successfully deployed within Sage, and is used by leading businesses including Aveva, Armstrong, Paddy Power Betfair, Klarna, Skyscanner, Trainline, Trustpilot and Quest Software,” said Sage.

Sage CEO Stephen Kelly said: “We have been unequivocal about giving growing and ambitious businesses a real-time, frictionless way to manage their entire businesses in the cloud, to create an environment of ‘invisible admin’.

“Building on our successful partnership with Fairsail, this acquisition will accelerate our people offering, ensuring our customers can manage people, their most precious asset, with visibility of the rest of their business.

“This integrates everything from talent acquisition to people analytics in one online system — helping businesses in recruiting, engaging and retaining top talent.”