Sage has agreed a partnership with the business management software developer which will involve it leading a $33.5m round.

Enterprise software producer Sage has agreed to invest £17m to lead a £25m ($33.5m) series C round for UK-based business management software provider Brightpearl.

Existing investors including Cipio Partners, Notion Capital and Verdane provided the remaining £8m, and Sage will take a seat on the company’s board of directors in connection with its investment.

Founded in 2007, Brightpearl provides software that helps retail and wholesale customers manage back-office operations in areas such as financial, inventory, supplier and customer relationship management…