Epicor Software Corporation has agreed to acquire midmarket enterprise resource planning and management systems product maker Solarsoft Business Systems from Marlin Equity Partners.
Like what you see? Click here to sign up for Accounting Today's daily newsletter to get the latest news and behind the scenes commentary you won't find anywhere else.
The acquisition of Solarsoft is expected to close in 45 days, effectively extending Epicor’s overall ERP offerings, including SaaS, hosting and managed services in the U.S. and abroad. Solarsoft delivers modern enterprise software and IT services to manufacturers, distributors and wholesalers in North America, Europe and Asia. The company has more than 400 employees, almost 2,000 customers, and annual revenues of approximately $90 million.
“Solarsoft shares our customer-centric focus and product strategy to protect customer's investments in our solutions, while delivering unprecedented choice and flexibility,” said Epicor president Pervez Qureshir. “The acquisition is an excellent fit culturally and from a technology standpoint. Both companies offer deep industry expertise, and are committed to building long-term relationships with customers, providing next-generation capabilities and enabling technologies—on-premise, on-demand, hosted, or in the cloud -- that customers need as their businesses evolve.”
Additional financial details of the deal were not discussed.