April 4, 2011 – A private equity firm has entered into definitive agreements to acquire two enterprise resource planning providers, Activant Solutions Inc. and Epicor Software Corporation.
Apax Partners would pay a combined $2 billion for the ERP companies, with plans to merge them under the name Epicor Software Corporation, according to a news release. The new company would create one of the largest global providers of ERP applications, primarily focused on manufacturing, distribution, services and retail industries.
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