Acquisition extends leadership position in key vertical markets and expands portfolio of solutions and capabilities for cloud and managed services delivery
DUBLIN, Calif., September 13, 2012-- Epicor Software
Corporation, a global leader in
business software solutions for manufacturing, distribution,
retail and services organizations, today announced it has agreed to
acquire privately held Solarsoft Business Systems
from Marlin Equity Partners. Solarsoft is a specialist in midmarket
enterprise resource planning (ERP) and management systems for
manufacturing and distribution.
The acquisition of Solarsoft, expected to close in 45 days,
extends Epicor's position as a leading provider of complete
end-to-end
enterprise business solutions for discrete manufacturing and
distribution and wholesale management solutions in key vertical
industries including lumber and building materials, automotive, and
print and packaging. Solarsoft's best-in-class manufacturing
execution systems (MES) and intelligence solutions provide extended
capabilities to measure, monitor and optimize production and
manufacturing operations through real-time data collection,
analysis and performance tracking whether in a single facility or
across a globally distributed enterprise. Solarsoft's
solutions and expertise in process manufacturing will allow Epicor
to accelerate initiatives in the highly regulated food and
beverage, pharmaceuticals and healthcare industries.
Additionally, Solarsoft brings significant expertise and resources
to support the delivery of both Solarsoft and Epicor cloud-based
ERP, software as a service (SaaS), hosting, and managed
services offerings.
"Solarsoft shares our customer-centric focus and product
strategy to protect customer's investments in our solutions, while
delivering unprecedented choice and flexibility," said Pervez
Qureshi, president and CEO of Epicor. "The acquisition is an
excellent fit culturally and from a technology standpoint. Both
companies offer deep industry expertise, and are committed to
building long-term relationships with customers, providing
next-generation capabilities and enabling technologies-on-premise,
on-demand, hosted, or in the cloud-that customers need as their
businesses evolve."
Solarsoft delivers modern enterprise software and IT services to
manufacturers, distributors and wholesalers in North America,
Europe and Asia, and has over 400 employees, almost 2,000
customers, and annual revenues of approximately $90 million.
From automotive parts to packaging to life sciences, from
fresh food to electrical components to lumber and building
materials, Solarsoft delivers systems that make connections across
sales, purchasing, finance, inventory and warehouse management,
logistics, manufacturing resource planning (MRP) and quality
control departments to help customers monitor the business and
boost operating efficiency. These solutions are well aligned to
Epicor offerings, strengthening leadership in the manufacturing and
distribution segments worldwide.
"We are pleased to join forces with Epicor, a recognized leader
in enterprise software with a long, successful history of bringing
visionary ERP solutions to the market," said Shawn McMorran, CEO of
Solarsoft. "Collectively we will have over 22,000 customers
and combined revenues approaching one billion dollars annually,
making us part of one of the largest enterprise software providers
worldwide. Combined with Epicor, our increased scale, expanded
solutions portfolio, enhanced service offerings, and global
infrastructure will drive even greater value to our customers, now
and in the future."
News Facts
- Epicor to acquire Solarsoft Business Systems, extending
leadership position in key vertical markets globally
- Increased size and scale to open up new markets and
cross-selling opportunities, particularly for MES, process
manufacturing, automotive, and print and packaging
- Data center investments that will enhance the delivery of
Solarsoft and Epicor cloud-based
ERP, software as a service (SaaS), hosting, and managed
services offerings
About Solarsoft Business Systems
Solarsoft provides modern enterprise software and IT services to
manufacturers, distributors and wholesale businesses worldwide. The
company has grown organically and through acquisition since 1986
and employs more than 400 professionals providing local support
across 16 time zones. Customers rely on Solarsoft to bring clarity
and efficiency to their daily operations. For more information,
please visit www.solarsoft.com.
About Marlin Equity Partners
Marlin Equity Partners is a Los Angeles, California-based
private investment firm with over $1 billion of capital under
management. The firm is focused on providing corporate parents,
shareholders and other stakeholders with tailored solutions that
meet their business and liquidity needs. Marlin invests in
businesses across multiple industries where its capital base,
industry relationships and extensive network of operational
resources significantly strengthens a company's outlook and
enhances value. Since its inception, Marlin, through its group of
funds and related companies, has successfully completed over 60
acquisitions. For more information, please visit www.marlinequity.com.
About Epicor Software Corporation
Epicor Software Corporation is a global leader delivering
inspired business software solutions to the manufacturing,
distribution, retail and services industries. With over 40 years of
experience serving small, midmarket and larger enterprises, Epicor
has more than 20,000 customers in over 150 countries. Epicor
enterprise resource planning (ERP), retail management software,
supply chain management (SCM), and human capital management (HCM)
enable companies to drive increased efficiency and improve
profitability. With a history of innovation, industry expertise and
passion for excellence, Epicor provides the single point of
accountability that local, regional and global businesses demand.
The Company's headquarters are located in Dublin, California, with
offices and affiliates worldwide. For more information, visit www.epicor.com.
Follow Epicor on Twitter @Epicor, @EpicorUK, @EpicorEMEA, @EpicorAU, @Epicor_Retail, @Epicor_DIST and Facebook.
# # #
Epicor and the Epicor logo are trademarks of Epicor Software
Corporation, registered in the United States and other countries.
Other trademarks referenced are the property of their respective
owners. The product and service offerings depicted in this document
are produced by Epicor Software Corporation.
Forward-Looking Statements
This press release contains certain statements which constitute
forward-looking statements under the Private Securities Litigation
Reform Act of 1995. These forward-looking statements include
statements regarding expected completion of the transaction,
expected revenues, market share, business model, sales pipelines
and opportunities, competitive advantage and other statements that
are not historical fact.
These forward-looking statements are based on currently
available competitive, financial and economic data together with
management's views and assumptions regarding future events and
business performance as of the time the statements are made and are
subject to risks and uncertainties. Actual results may differ
materially from those expressed or implied in the forward-looking
statements. Such risks and uncertainties include, but are not
limited to, satisfaction of any conditions to the transaction,
changes in the demand for Epicor's software products,
particularly in light of competitive offerings; the timely
availability and market acceptance of new products and upgrades;
the impact of competitive products and pricing; Epicor's future
ability to continue to develop and expand its product and service
offerings to address emerging business demand and technological
trends; and other factors discussed in Epicor's quarterly report on
Form 10-Q for the period ended June 30, 2012 and other reports
Epicor files with the SEC. As a result of these factors the
business or prospects expected by the Company as part of this
announcement may not occur. Except as required by law, Epicor
undertakes no obligation to revise or update publicly any
forward-looking statements.
Contact: Lisa
Preuss
Senior Director, Public
Relations
Epicor Software
Corporation
+1 949 585 4235
lpreuss@epicor.com
Download
Epicor to Acquire Solarsoft Business Systems