As most of you have heard, Apax Partners has completed the acquisition of Epicor Software Corporation and Activant Solutions Inc. As a result, Activant Solutions has changed its name to Epicor, and the integration of the two companies has begun. The first management updates came this week with the announcement of Pervez Qureshi, former CEO and President of Activant, being named President and CEO of Epicor, effective immediately.
"The new Epicor is a true global leader in industry-specific business applications software with over 33,000 customers in more than 150 countries," said Qureshi. "I am honored to have the opportunity to lead our newly combined company through its next phase of growth, and build on the momentum of market leadership, innovation and a customer-focused culture that is our shared heritage. Above all, I look forward to working with an immensely talented team of over 4,000 employees to deliver even greater value to the customers and markets we serve – from manufacturing, distribution and services, to hardgoods and softgoods retailing."
The company also announced the appointment of Kathy Crusco as Executive Vice President and Chief Financial Officer of Epicor. Crusco joined the former Activant in May 2007, and brings over 20 years of experience serving in a variety of financial roles at Documentum Inc., Adaptec and Price Waterhouse LLP.
Former Epicor Chairman, President and CEO George Klaus will retain the role of Chairman and continue to play an important part in the company's strategic development.