Epicor Software Corporation to Get Acquired
Clayton, Dubilier & Rice to acquire Epicor Software Corporation from KKR was announced today. KKR purchased the company only 4 years ago for $3.3 billion dollars from Apax partners. The deal is expected to be worth $4.7 billion dollars. Epicor is a leading enterprise software vendor delivering cloud-enabled services to more than 20,000 customers globally. Epicor personnel seems excited about the news.
“This is an exciting day for the entire Epicor family—employees, customers, and partners alike – and validates the company’s leadership position across markets we serve,” said Epicor CEO Steve Murphy. “We welcome this new partnership with CD&R, which shares our vision for growing the company, and I thank KKR for a highly successful partnership these past few years. We are excited to work with CD&R to increase investment in our market-leading product portfolio and to enhance our ability to support an ever-increasing range of customer needs.”
This is the largest enterprise deal so far in 2020. We will all be anxiously watching to see what changes this may bring for Epicor. 2W Tech is a long-standing Epicor reseller and service provider with over 30 years experience with Epicor solutions. We are an Epicor Gold Partner and look forward to a continued relationship with Epicor. If you would like to learn more about Epicor solutions, give us a call today.