Epicor's New Private Equity Owner: CVC

Epicor is an enterprise resource planning software provider serving the manufacturing, distribution, retail, and services sectors. The company has recently been acquired by private equity firm CVC. Its previous owner, Clayton, Dubilier & Rice (CD&R), oversaw significant progress in the firm's transition to SaaS and international expansion. Epicor has bolstered its cloud-based platforms through recent acquisitions of companies such as Kyklo and Smart Software. The company serves 23,000 customers across more than 150 countries and has grown its annual recurring revenue to over $1 billion.

Key Takeaways:

1. Epicor's new owner is private equity firm CVC.

2. Epicor serves 23,000 customers and operates in more than 150 countries.

3. The company has grown through acquisitions of firms such as Kyklo and Smart Software.

4. Epicor's annual recurring revenue has exceeded $1 billion.

5. The company's SaaS transformation and international expansion are proceeding at pace.

News Link: https://www.thescxchange.com/articles/10719-epicor-gains-new-private-equity-owner