Activant Solutions Inc. has been merged with Epicor Software, and this product has been re-branded to Epicor Prophet 21.
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 Prophet 21 offers you a complete solution that will streamline your processes from order receipt through invoicing and payment. And because no one part of your business runs independent from the rest, Activant Prophet 21 ties together the warehouse, inventory management, and purchasing functions that keep your business running smoothly, effectively, and successfully.
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