Epicor

1972–2000

Incorporated in 1972 as Triad Systems Corporation, the company was renamed Activant Solutions Inc. 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 IPO.^[1]

Platinum announced a version of their products for Microsoft Windows in 1993.^[2] Platinum acquired Clientele in 1997, and FocusSoft, an extension to Platinum's existing distribution solution.^[3] After a year, Platinum merged with DataWorks to extend its manufacturing solutions and operations.^[4] In 1999, Platinum becomes Epicor Software Corporation.^[5]

2001–2010

Epicor sold the Platinum for Windows (PFW) products to Sage Group in 2001.^[6]

Epicor for Service Enterprises, which automated enterprise services and was completely web-based, was released in 2003. The company acquired CompuNet to expand hospitality solutions; TDC solutions for supply chain execution applications; and, ROI Systems to further extend manufacturing capabilities. With the acquisition of Scala business solutions in 2004, this increased the company's global presence and integrated ERP offerings.^[7] In 2005, Epicor purchased CRS Retail to provide a comprehensive retail suite^[8] then acquired NSB in 2007 to expand retail offerings.^[9] In late 2010, Epicor purchased privately held SPECTRUM Human Resource Systems Corporation to further deliver service from a single-point of accountability.^[10]

2011 to present

In 2011, Apax Partners purchased both Activant and Epicor and merged the organizations together.^[11] Pervez Qureshi, prior CEO of Activant, became CEO of the new Epicor in May, 2011. In October 2012, Epicor acquired Solarsoft Business Systems,^[12] 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.^[13] On October 7, 2013, Epicor appointed Joseph L. Cowan as President and CEO.^[14] 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.^[15]

On January 6, 2015, Epicor completes acquisition of privately held ShopVisible, LLC.^[16]

In June 2015, Epicor Retail was spun off from Epicor and became Aptos, Inc. ^[17][18]

On 5 July 2016, Epicor announced that it has entered into a definitive agreement to be acquired by the global investment firm KKR.^[19] The acquisition by KKR was finalized on September 1, 2016.^[20] 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. ^[21]

Acquisitions

• Clientele (1997)
• CompuNet (2003)
• Scala (2004)
• CRS Retail (2005)
• NSB (2007), incorporating since 2001 STS Systems
• SPECTRUM (2010)
• Solarsoft Business Systems (2012)
• QuantiSense (2014)
• ShopVisible, LLC (2015)
• docSTAR (2017) ^[22]

References

^{[23] [24]}