Epicor Software Corporation is a business software company based in Austin, Texas founded in 1972. Its products are aimed at the manufacturing, distribution, retail and services industries. Epicor provides enterprise resource planning (ERP), customer relationship management (CRM),

supply chain management In commerce, supply chain management (SCM) is the management of the flow of goods and services including all processes that transform raw materials into final products between businesses and locations. This can include the movement and stor ...

(SCM), and

human capital management Humans (''Homo sapiens'') are the most abundant and widespread species of primate, characterized by bipedalism and exceptional cognitive skills due to a large and complex brain. This has enabled the development of advanced tools, culture, an ...

(HCM) software to business customers in both software as a service (SaaS) and on-premises deployment models.

History

1972–2000

Incorporated in 1972 as Triad Systems Corporation, the company was renamed Activant in 2003, and continued to grow through acquisition. In May 2011, the company was purchased by Apax Partners and merged with Epicor Software Corporation, retaining the Epicor name as a privately held company. Advanced Business Microsystems was another predecessor company founded in 1984. ABM created a suite of accounting software for MS-DOS and marketed them in a joint venture with IBM known as The Platinum Series. ABM developed the Platinum line into a financial accounting software product designed for multi-user LAN-based environments. ABM was renamed Platinum Software Corporation in 1992 in preparation for its initial public offering. Platinum announced a version of their products for

Microsoft Windows Windows is a group of several proprietary graphical operating system families developed and marketed by Microsoft. Each family caters to a certain sector of the computing industry. For example, Windows NT for consumers, Windows Server for serv ...

in 1993. Platinum acquired Clientele in 1997, and FocusSoft, an extension to Platinum's existing distribution solution. After a year, Platinum merged with DataWorks to extend its manufacturing solutions and operations. In 1999, Platinum became Epicor Software Corporation.

2001–2010

Epicor sold the Platinum for Windows (PFW) products to Sage Group in 2001. Epicor for Service Enterprises, which automated enterprise services and was completely web-based, was released in 2003. The company acquired CompuNet for the hospitality. It acquired Scala in 2004. In 2005, Epicor purchased CRS Retail to provide a comprehensive retail suite then acquired NSB in 2007 to expand retail offerings. In late 2010, Epicor purchased privately held SPECTRUM Human Resource Systems Corporation to further deliver service from a single-point of accountability.

2011–present

In 2011, Apax Partners purchased both Activant and Epicor and merged the organizations together. Pervez Qureshi, prior CEO of Activant, became CEO of the new Epicor in May, 2011. In April 2012, Epicor partnered wit
ASA Automotive Systems Inc.
to help ASA dealers increase vehicle parts and service revenue with Epicor Integrated Service Estimator. In October 2012, Epicor acquired Solarsoft Business Systems, established in 2007 from the merger of CMS Software Inc. of Toronto and XKO Software Ltd from the UK. Before the acquisition, Solarsoft acquired Progressive Solutions in June 2012. On October 7, 2013, Epicor appointed Joseph L. Cowan as President and CEO. In October 2014, Epicor announces its acquisition of privately held QuantiSense, Inc., a provider of cloud and on-premises retail analytics software and services for leading specialty and department store chains. On January 6, 2015, Epicor completes acquisition of privately held ShopVisible, LLC. In June 2015, Epicor Retail was spun off from Epicor and became Aptos, Inc. On July 5, 2016, Epicor announced that it has entered into a definitive agreement to be acquired by the global investment firm

KKR KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global investment company that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit, and, through its strateg ...

. The acquisition by KKR was finalized on September 1, 2016. Joseph L. Cowan remained president and CEO of Epicor after the acquisition. On October 1, 2017, Epicor appointed Steve Murphy, prior president of OpenText, president and CEO. On October 1, 2019, Epicor announced the acquisition of 1 EDI Source, a Solon, Ohio-based provider of Electronic data interchange services and software for an undisclosed amount. On January 1, 2020, Epicor promoted Himanshu Palsule to president while continuing in his role as Chief Product and Technology officer overseeing Epicor's global portfolio. He will continue to report to CEO Steve Murphy. On August 31, 2020, KKR announced that it would sell the company to CD&R for $4.7 billion.

Acquisitions

* Intrepid (1995) * Clientele (1997) * Interactive Group (1997) * Dataworks (1998) * CompuNet (2003) * ROI Systems (2003) * Scala (2004) * CRS Retail (2005) * NSB Retail (2007), incorporating since 2001 STS Systems * SPECTRUM Human Resources Systems Corp.(2010) * Solarsoft Business Systems (2012) * QuantiSense (2014) * ShopVisible, LLC (2015) *DotNetIT (2016) * docSTAR (2017) * MechanicNet (2019) * 1 EDI Source (2019) * KBMax (2021) * Grow.com (2022) * eFlex Systems (2022)

Program

Epicor also released the plan 'Fit for the Future,' intended to support stakeholders in the group develop market sustainability and thrive in the new environment. Providers involve resellers, device integrators, and business partners who can use the Epicor software range and services to introduce, plan, and build transformational IT strategies. Source:

References

External links

* {{authority control Software companies based in Texas American companies established in 1972 Software companies established in 1972 Customer relationship management software 1972 establishments in Texas Supply chain software companies ERP software companies Software companies of the United States 2016 mergers and acquisitions 2020 mergers and acquisitions Kohlberg Kravis Roberts companies Private equity portfolio companies Business software companies Industrial automation software Industrial software Companies based in Austin, Texas