Budgeta
Cloud-based Budgeting Application
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.
Log in to access full profile ›Company Intelligence Q&A
- What is Budgeta's primary offering?
- Budgeta offers a cloud-based financial planning and analysis application that provides collaborative and what-if scenario features to help businesses manage their budgeting process and ensure accurate financial forecasts.
- When was Budgeta founded and by whom?
- Budgeta was founded in September 2014 by co-founders Hagi Schwartz and Eran Palmon.
- What was a significant corporate event for Budgeta?
- In September 2018, Budgeta was acquired by Sage, a multinational software company, leading to its status as an inactive entity.
- Which company acquired Budgeta?
- Budgeta was acquired by Sage in September 2018.
- Did Budgeta integrate with Sage Intacct prior to its acquisition?
- Yes, in October 2017, Budgeta announced an integration with cloud financial management leader Sage Intacct, which preceded its acquisition by Sage.