Epicor Software to buy Atlanta business

Oct 22, 2014
Austin Business Journal

Epicor Software Corp. plans to acquire an Atlanta-based company for an undisclosed amount

Austin-based Epicor would buy QuantiSense Inc., a developer of business intelligence software designed to enable retailers to identify trends, avoid stockouts and improve productivity. The deal is scheduled to close by Oct. 31, the Atlanta Business Chronicle reported Tuesday

Epicor Software, which quietly relocated from California in February, develops enterprise resource planning and retail management software. It was founded in 1984. Earlier this year, the company employed 4,600 workers, 300 of whom were based in Austin

In February, CEO Joe Cowan said in an announcement that the relocation was prompted by Austin's strong technology focus, its central time zone and business-friendly climate

In May, Apax Partners LLP, the London-based private equity firm that owns Epicor Software, was reportedly soliciting prospective buyers for Epicor three years after Apax created a larger Epicor by combining it with another software maker. The firm was seeking up to $3.5 billion, The Wall Street Journal reported

In 2011, Apax Partners bought Epicor Software and California-based Activant Solutions Inc. with a plan to combine the two to create a larger developer of enterprise applications focused on the manufacturing, distribution, retail and services sectors. The combined company claimed more than 33,000 customers in more than 150 countries and more than $800 million in annual revenue, officials said at the time

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