Budgeta

Company Overview

Snapshot

Founded in September 2014 by Hagi Schwartz and Eran Palmon, Budgeta operates with 1–10 employees. The company was acquired by Sage in September 2018.

Business overview

Budgeta provides a cloud-based financial planning and analysis application designed to offer businesses collaborative and 'what-if' scenario features. Its platform aims to enhance the budgeting process and ensure error-free forecasted financial statements. Budgeta serves the Business Software sector, specifically focusing on IT, R&D & Data Solutions, and Data Analysis & Decision Support for SMBs and enterprises.

Strategic signal

In September 2018, Budgeta was acquired by Sage, a significant move that integrated Budgeta's cloud-based budgeting and planning capabilities into Sage's Intacct platform. This acquisition provided Sage with enhanced financial management tools for small to midsize businesses, validating Budgeta's technology and market relevance within the business software and fintech sectors.

Company Intelligence Q&A

What is Budgeta's primary offering?

Budgeta offers a cloud-based financial planning and analysis application that includes collaborative and 'what-if' scenario features, designed to help businesses with budgeting and accurate financial forecasting.

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?

Budgeta was acquired by Sage in September 2018, leading to the integration of its budgeting and planning solutions into Sage Intacct.

Did Budgeta integrate with other platforms prior to its acquisition?

In October 2017, Budgeta announced an integration with Sage Intacct, a leader in cloud financial management.