Epicor Software Corporation, a global provider of business software solutions for manufacturing, distribution, retail and services organisations, has entered into an agreement to acquire substantially all of the operating assets and intellectual property of New Zealand-based partner Cogita Holdings Ltd. Under the terms of the agreement, nearly all of Cogita's employees will be offered employment by Epicor. The company is also acquiring customer contracts, related intellectual property, and certain other assets of Cogita, including the strategic office locations in Auckland, New Zealand and Adelaide, Australia. The transaction is anticipated to close by today (31 May).
Cogita has consistently been one of the most successful Epicor channel partners, winning the Epicor "Global Partner of the Year" award as the top revenue producer worldwide the past four years. Cogita also received "Top Revenue Producer" and "Largest Transaction" honors for Asia Pacific at the recent Epicor 2012 Channel Partner Awards. With the acquisition of these assets, Epicor will now have a direct presence in the New Zealand market and will become one of the largest enterprise software companies in the region. The Cogita operations will join the existing Epicor operations in Australia, bringing the total number of Epicor employees to approximately 100, serving more than 600 customers in the region.
A leader in delivering end-to-end manufacturing and distribution Enterprise Resource Planning (ERP) solutions to midmarket organisations in New Zealand and Australia, the success of Cogita 's partnership with Epicor has been built on a foundation of common values beginning with a mutual focus on customers and high quality service. As its customers continue to expand regionally and globally, Epicor has recognized the significant value in providing direct service and support not just in New Zealand, but anywhere Epicor customers are doing business.
"Cogita and Epicor have a long and successful history of delivering complete, end-to-end solutions and award-winning services to the markets we serve," said Craig Charlton, senior vice president and general manager of Asia Pacific for Epicor. "In Australia and New Zealand, Cogita has emerged as one of the premier providers of enterprise business applications, particularly for the manufacturing sector. We believe that bringing their experienced sales and consulting organisation together with the global strength and strong regional presence of Epicor will provide immediate benefit to our mutual customers."
"We are very pleased to be joining Epicor, a company that has distinguished itself through its commitment to delivering innovative, industry-specific solutions and single-point accountability," said Becky Gagas, former director of operations for Cogita and newly appointed director of New Zealand operations for Epicor. "While they are one of the largest global software providers, they are keenly aware of the opportunity the Australian and New Zealand market represents. With the acquisition, our customers will now have direct access to increased resources, not only in Australia and New Zealand, but wherever they do business."