page_title: Sage 50cloud
section_title: US version
hierarchical_section_title: Sage 50cloud / US version
caption_attribution_description: English: Peachtree Software advertisement in November 29, 1982 issue of InfoWorld magazine. Page 69.
context_page_description: Sage 50cloud is a set of accountancy and payroll products developed by Sage Group aimed at small and medium enterprises. Sage offer different products under the Sage 50 name in different regions. The product name originally derives from the UK and Ireland version of the product where the number 50 indicated that it was aimed at companies with up to 50 employees.
context_section_description: The US version of the product was previously called Peachtree Accounting. A conversion to the Peachtree/Sage 50 data format was made available when Simply Accounting was taken off the market. In 2013 it was brought under the Sage 50 banner.
  Peachtree Accounting was originally sold by a software publisher founded in Atlanta in 1978 by Ben Dyer, Ron Roberts, Steve Mann, and John Hayes. The company was carved out of The Computersystem Center, an early Altair dealer founded by Roberts, Mann, Jim Dunion, and Rich Stafford, which Dyer had joined as the manager and where its first software was published in 1977. Peachtree was the first successful business software made for microcomputers, supplanting the General Ledger programmed with CBASIC and distributed by Structured Systems Group. It is the oldest microcomputer computer program for business in current use.
  The company expanded its offerings with its acquisition of Layered, an accounting program designed for use on the Macintosh. The company's products were included in the initial launch of the IBM Personal Computer, and it was acquired by Management Science America (MSA) in June 1981.
  By early 1984 InfoWorld estimated that Peachtree was the world's seventh-largest microcomputer-software company, with $21.7 million in 1983 sales. After several subsequent changes of ownership ending with ADP, Peachtree was eventually acquired by the Sage Group in 1998 for US$145 million. 
  In the US, many schools utilize this program in their Accounting classes.
caption: Peachtree Software advertisement in the November 29, 1982 issue of InfoWorld
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