NEW YORK, NY, April 4, 2011, Funds advised by Apax Partners… today announced that they have entered into definitive agreements to acquire Epicor Software Corporation (NASDAQ: EPIC)… and Activant Solutions, Inc. The combined transaction is valued at approximately $2 billion. Apax intends to combine Activant and Epicor to create one of the largest global providers of enterprise applications focused on the manufacturing, distribution, services and retail sectors. Following completion of the merger, the combined company will be named Epicor Software Corporation and will no longer be a publicly traded company. It will have over 30,000 customers and $825 million in annual revenues.
“Apax Partners to Acquire Epicor Software Corporation and Activant Solutions, Inc.” Apax Partners.
Activant Eclipse, a fully integrated, real-time business management solution, was developed especially for distributors. By adhering to a unique set of business rules, Activant Eclipse provides the essential functionality you need to run your business more efficiently - and more profitably.
Tools and technologies include: real-time, time-lined accounting, transaction-based architecture, proactive task automation, a powerful search engine, end-to-end module integration, platform interoperability, intelligent user interfaces, flexible data management, security and high availability, and much more!
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