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Funds advised by Apax Partners, private equity firm, have completed the acquisitions of Epicor Software Corp. and Activant Solutions Inc. Apax Partners intends to combine Activant with Epicor.
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Effective immediately, the combined company will be called Epicor Software Corp. The new Epicor has more than 33,000 customers in more than 150 countries and over $800 million in annual revenues.
"Bringing together two of the premier enterprise software companies creates a global market leader with deep expertise in the manufacturing, distribution, retail and services sectors,” said
Jason Wright, a partner at Apax Partners. “Not only will customers and prospects benefit from a history of visionary innovation in business software and deep vertical industry expertise, but they will also benefit from the combined company’s increased scale and expanded service offerings.”
According to a news release, 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.
The integration of the two companies has begun. Epicor will announce the management team structure in coming weeks, according to the release.
Read more about the impact of this acquisitions and merger in MDM's blog: The Potential Impact of the Activant-Epicor Deal