Apax Partners announced the completion of its acquisitions of Epicor Software Corporation and Activant Solutions Inc. Apax Partners intends to combine the two companies to create one of the largest global providers of enterprise applications focused on the manufacturing, distribution, retail and services sectors. The combined company - Epicor Software Corporation - now has more than 33,000 customers in over 150 countries and over $800 million in annual revenue.
The new Epicor will have significant scale, as well as the ability to leverage highly complementary product lines, a broader channel partner program, and an expanded geographic reach. Epicor's strength and heritage in the manufacturing and services sectors is a perfect match with Activant’s market leadership in distribution. Additionally, the combined company’s retail sector solutions now cover the full spectrum – from small hardgoods retailers, to national specialty softgoods and apparel chains, to global general merchandise department stores.
As both companies have demonstrated throughout their nearly 40-year history, the new Epicor is committed to continuing its customer-focused product strategy and protecting customers’ investment in their products. With very little overlap in product offerings and complementary product strategies, Epicor will continue to enhance the joint product lines with new features and functionality; while providing a clear path to next-generation capabilities and enabling technologies that customers will need as their businesses evolve.
Stay tuned in the coming weeks for further announcements on management team structure and progress integrating the two companies.
Posted by Epicor Social Media Team