Epicor Software Corp., a provider of retail, manufacturing and hospitality software applications, has acquired Denver-based Spectrum Human Resource Systems Corp. for $16 million.
The acquisition is expected to close at the end of the year.
Epicor said that after the purchase, Spectrum’s Web-based human resource and talent management systems will function as the core of the newly formed Epicor Human Capital Management group.
Epicor plans to continue to develop and support Spectrum’s flagship iVantage HRIS product.
The Spectrum system covers a variety of aspects of an organization’s HR needs, from applicant tracking and hiring to workforce management and succession planning.
The Spectrum product will be immediately available to Epicor customers as an “extend” component integrated with their Epicor ERP system. A range of delivery options will be available, including on-premise, hosted/managed services, or Software as a Service.
“Spectrum is perfectly aligned with our strategy to provide comprehensive solutions and services that offer businesses both choice and flexibility; delivered on-premise, as a managed service, or in the cloud," said Epicor chairman, president and CEO George Klaus.
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