Activant Solutions Inc. has agreed to buy the Intuit Eclipse Distribution Management Solutions business from Intuit for $100 million in cash.
Activant has identified the wholesale distribution industry as a key vertical segment for the company’s growth and expansion. The acquisition of the Intuit Eclipse business will augment its customer base and expand its technology offerings in the wholesale distribution segment.
Intuit Eclipse is a provider of business management solutions for wholesale distributors in segments ranging from electrical, plumbing, HVAC and building materials to industrial, janitorial and other durable goods supplies.
We are pleased to have Activant acquire our Intuit Eclipse business,” said David Merenbach, vice president of Intuit-branded software businesses. “The addition of the Eclipse product strengthens Activant’s suite of products targeting the wholesale distribution industry, and at the same time the divestiture allows Intuit to focus on its core businesses.
Activant serves three primary vertical segments: automotive aftermarket; hardlines and lumber; and wholesale distribution.