On April 4, Activant Solutions announced that it has been acquired by Apax Partners, one of the world’s leading private equity firms with a strong heritage of technology investment. Apax Partners also acquired Epicor Software Corporation, a provider of enterprise business software solutions for the mid-market and the divisions of global 1000 companies. The equity firm has plans to merge the two companies under the Epicor Software Corp. name.
From the Activant press release: “This transaction is extremely positive for Activant’s customers, employees and investors alike,” said Pervez Qureshi, Activant president and CEO. “Our market leadership and expertise in distribution perfectly complements Epicor’s expertise in the manufacturing and services sectors.”
Activant is an IDEA strategic partner that provides technical development, support and hosting of IDEA’s Industry Data Warehouse (IDW) and Industry Data Exchange (IDX) solutions. Historically, deals of this magnitude take time to disseminate and integrate into the organizations; IDEA anticipates no near-term impact to the current relationship and the services we provide the electrical channel. If this acquisition affects our customers and/or partners in any way, we will communicate changes to you right away.
For more information about the acquisition and merger, we recommend reading the following:
- The official Activant press release
- The MDM blog post, “The Potential Impact of the Activant and Epicor Deals”
- The Information Week report, “Apax Partners To Merge Epicor, Activant”