Software giant Sage has posted strong results and plans to recruit more staff on Tyneside.

The firm says it will recruit 100 people to work in its head office at Newcastle Great Park.

Sage finance director Paul Harrison said the firm had enjoyed a pre-tax profit increase of 13 per cent to £205m, in 2005. Turnover has increased by 14 per cent to £776.5m from £682.6m last year.

The firm's customer base has also expanded to 4.7m businesses after Sage bought six new companies during the year.

It spent a total of £101m on buying new firms including Simultan in Switzerland, Symfonia in Poland and Cogestib in France.

It now has a presence across the world, including the UK, France, Spain, Switzerland and North America and employs more than 0,000 people around the world.