Budgeta

Company Overview

Snapshot

Founded in September 2014 by Hagi Schwartz and Eran Palmon, Budgeta operated with 1–10 employees. The company was acquired by Sage in September 2018, marking a significant exit in the business software sector.

Business overview

Budgeta developed a cloud-based financial planning and analysis application designed to provide businesses with enhanced options and control over their budgeting processes. The platform offered collaborative features and what-if scenario capabilities, aiming to deliver more value from budgeting and ensure error-free forecasted financial statements. Budgeta served the business software market, focusing on enterprise and professional services, particularly small to midsize businesses (SMBs).

Strategic signal

In September 2018, Budgeta was acquired by Sage, a major player in cloud financial management. This acquisition integrated Budgeta's budgeting and planning capabilities into Sage's offerings, specifically targeting small to midsize businesses. The move signals Sage's strategic intent to enhance its financial planning suite and provides a strong validation of Budgeta's technology and market relevance.

Company Intelligence Q&A

When was Budgeta acquired?

Budgeta was acquired by Sage in September 2018, leading to its status as an inactive company.

What was a key product integration for Budgeta before its acquisition?

In October 2017, Budgeta announced an integration with Sage Intacct, a cloud financial management leader, enhancing its capabilities for shared customers.

Who were the founders of Budgeta?

Budgeta was co-founded by Hagi Schwartz and Eran Palmon.

What type of software did Budgeta develop?

Budgeta developed a cloud-based financial planning and analysis application, focusing on budgeting and forecasting for businesses.

Which company acquired Budgeta?

Budgeta was acquired by Sage, a multinational enterprise software company, in September 2018.