Epicor Software Corporation is a

business software Business software (or a business application) is any software or set of computer programs used by business users to perform various business functions. These business applications are used to increase productivity, measure productivity, and perf ...

company based in

Austin, Texas Austin is the capital city of the U.S. state of Texas, as well as the seat and largest city of Travis County, with portions extending into Hays and Williamson counties. Incorporated on December 27, 1839, it is the 11th-most-populous city ...

founded in 1972. Its products are aimed at the manufacturing, distribution, retail and services industries. Epicor provides

enterprise resource planning Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business management software—typically a sui ...

(ERP),

customer relationship management Customer relationship management (CRM) is a process in which a business or other organization administers its interactions with customers, typically using data analysis to study big data, large amounts of information. CRM systems data collectio ...

(CRM), supply chain management (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 Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is con ...

(SaaS) and on-premises deployment models.

History

1972–2000

Incorporated in 1972 as Triad Systems Corporation, the company was renamed

Activant Activant Solutions Inc. was a privately held American technology company specializing in business management, software serving retail and wholesale distribution businesses headquartered in Livermore, California. Activant provided tailored propr ...

in 2003, and continued to grow through acquisition. In May 2011, the company was purchased by

Apax Partners Apax Partners LLP is a British private equity firm, headquartered in London, England. The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai. As of December 2017, the firm, including its ...

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 MS-DOS ( ; acronym for Microsoft Disk Operating System, also known as Microsoft DOS) is an operating system for x86-based personal computers mostly developed by Microsoft. Collectively, MS-DOS, its rebranding as IBM PC DOS, and a few ope ...

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 An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

. Platinum announced a version of their products for Microsoft Windows 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 The Sage Group plc, commonly known as Sage, is a British multinational enterprise software company based in North Tyneside, England. As of 2017, it is the UK's second largest technology company, the world's third-largest supplier of enterpri ...

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,

purchased both

and Epicor and merged the organizations together. Pervez Qureshi, prior CEO of

, 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. 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