Epicor to be Acquired by KKR
Epicor Software Corporation, announced today that it has entered into a definitive agreement to be acquired by global investment firm KKR (www.kkr.com) from funds advised by Apax Partners.
Epicor provides industry-specific solutions for manufacturers, distributors and retail organizations in more than 150 countries through local Value Added Resellers like MIS, and their own direct team.
The acquisition shows that Epicor continues to be a strong player in the industries which it serves. With the growth of cloud ERP in recent years, Epicor continues to focus on delivering cloud-ready solutions including the capability for hybrid deployments which provides for greater deployment flexibility by combining cloud with on-premise.
KKR, according to a special message sent to Epicor’s channel partners on behalf of Joe Cowan, has extensive experience in technology and believes in Epicor’s mission and customer-first growth strategy. Cowan continued to say that, “They have a long-term investment view and understand that success will be based on delivering superior customer value.”
According to Epicor’s press release, “KKR is very pleased to be partnering with Epicor to accelerate its next phase of global growth,” said Herald Chen, Member of private equity and Head of technology at KKR. “Through a world-class Epicor team, leading cloud-ready technologies and a keen focus on its customers, the company is in tremendous position to build on its long history of success.”
MIS looks forward to continued growth and the new opportunities that will arise from the change in ownership. If you have questions, please contact our corporate office at 503-614-1919.