Epicor Software Corporation, provider of business software solutions for manufacturing, distribution, retail and services organisations, has agreed to acquire privately held Solarsoft Business Systems from Marlin Equity Partners. Solarsoft is a specialist in midmarket enterprise resource planning (ERP) and management systems for manufacturing and distribution.
The acquisition of Solarsoft, expected to close in 45 days, extends Epicor's position as a leading provider of complete end-to-end enterprise business solutions for discrete manufacturing and distribution and wholesale management solutions in key vertical industries including lumber and building materials, automotive, and print and packaging. Solarsoft's best–in-class manufacturing execution systems (MES) and intelligence solutions provide extended capabilities to measure, monitor and optimise production and manufacturing operations through real-time data collection, analysis and performance tracking whether in a single facility or across a globally distributed enterprise. Solarsoft's solutions and expertise in process manufacturing will allow Epicor to accelerate initiatives in the highly regulated food and beverage, pharmaceuticals and healthcare industries. Additionally, Solarsoft brings significant expertise and resources to support the delivery of both Solarsoft and Epicor cloud-based ERP, software as a service (SaaS), hosting, and managed services offerings.
"Solarsoft shares our customer-centric focus and product strategy to protect customer's investments in our solutions, while delivering unprecedented choice and flexibility," said Pervez Qureshi, president and CEO of Epicor. "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."
Solarsoft delivers modern enterprise software and IT services to manufacturers, distributors and wholesalers in North America, Europe and Asia, and has over 400 employees, almost 2,000 customers, and annual revenues of approximately $90 million. From automotive parts to packaging to life sciences, from fresh food to electrical components to lumber and building materials, Solarsoft delivers systems that make connections across sales, purchasing, finance, inventory and warehouse management, logistics, manufacturing resource planning (MRP) and quality control departments to help customers monitor the business and boost operating efficiency. These solutions are well aligned to Epicor offerings, strengthening leadership in the manufacturing and distribution segments worldwide.
"We are pleased to join forces with Epicor, a recognized leader in enterprise software with a long, successful history of bringing visionary ERP solutions to the market," said Shawn McMorran, CEO of Solarsoft. "Collectively we will have over 22,000 customers and combined revenues approaching one billion dollars annually, making us part of one of the largest enterprise software providers worldwide. Combined with Epicor, our increased scale, expanded solutions portfolio, enhanced service offerings, and global infrastructure will drive even greater value to our customers, now and in the future."