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Searer Business Technology Acquires Executive Series from Sage Software

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May 2006 – Searer Business Technology Inc. Acquires Executive Series from Sage

Wilmington DE, May 1, 2006 – Searer Solutions, Inc. (Searer Business Technology) is pleased to announce the acquisition of the Executive Series and Director Series accounting systems from Sage Software.

Executive Series and Director Series offer source code for customization purposes, a distinctive feature in the accounting software marketplace. Executive Series and Director Series support multiple databases including Microsoft SQL Server, Oracle, and SAP ASE. Executive Series was previously marketed under the names SBT, ACCPAC Executive Series and SBT Executive Series. An Executive Series user has already responded to the acquisition: “I am very pleased, and greatly relieved, to know that the Executive Series accounting software is now in the hands of a firm that I know is committed to enhancing and maintaining the system over the long-term.” Robert W. Loveless, Information Technology Manager, Forest Resources, WestRock Company.

Searer Business Technology, Inc. had been a leading reseller of the Executive Series and Director Series product lines and also a provider of technical, customization, and training services to other resellers. In addition, Searer Business Technology, Inc. has been producing several add on products including patch updates. This well respected company is uniquely qualified to not only provide on-going support for both product lines, but also to produce new and enhanced versions. Searer Business Technology Inc. has already begun work on the next version of Executive Series and Director Series. “We have already accomplished a lot with Executive Series. says Michael Searer, president of Searer Business Technology Inc. “To date, we have updated the base product with over 300 enhancements and fixes, greatly improved the Fixed Assets module, enhanced the reporting module, and created a comprehensive set of reconciliation reports. Our immediate goals are to continue to build upon the strengths of Executive Series, and so we plan on extending the reporting, drill down, and security features within Executive Series. We have always believed very strongly in the potential of the Executive and Director Series product lines. We have always run our internal books on Executive Series – in fact many of the enhancements to the system come from our own experience with the product.