Epicor Completes Acquisition of QuantiSense
AUSTIN, Texas, November 3, 2014 -- Epicor Software Corporation, a global leader in business software solutions for retail, manufacturing, distribution, and services organizations, today announced that it has completed its acquisition of privately held QuantiSense, Inc., a provider of cloud and on- premises retail analytics software and services for leading specialty and department store chains.
As previously stated in the news release "Epicor to Acquire Industry Leading Cloud Retail Analytics Solutions Provider - QuantiSense," issued on October 20, 2014, the acquisition of QuantiSense is expected to strengthen the Epicor Retail solutions portfolio with powerful big data analytics to deliver actionable business insights to retailers. QuantiSense customers include more than 30 brand names such as Burlington Coat Factory, Destination XL, Hallmark Cards, Hibbett Sports, Restoration Hardware and Urban Outfitters. The QuantiSense Retail Business Intelligence™ and QuantiSense Playbooks™ solutions are targeted to all key retail business users including buyers, planners, marketers, auditors, store and regional managers, and corporate executives.
"We are thrilled to officially welcome QuantiSense into the Epicor family, further strengthening our leadership in the retail sector with the addition of big data analytics software and services to our portfolio," said Noel Goggin, executive vice president and general manager, Epicor Retail. "The winning combination will empower retailers to leverage enterprise-wide data as actionable insights to optimize all aspects of their operations, from the supply chain through to multi-channel points of purchase. With the acquisition complete, we are excited to begin the process of integrating QuantiSense with Epicor, and look forward to delivering greater value to our retail customers as we enable them to maximize business performance, growth and profitability."
About Epicor Retail
The Epicor Retail solutions business is the leading provider of extended omni-channel solutions for mid- and large-sized retail chains, delivering advanced solutions for retailers seeking to streamline processes, integrate channels, leverage intelligence and inspire customers, to maximize profitability. The Epicor Retail end-to-end suite is designed to meet the evolving merchandise and service expectations of today's connected, cross-channel shopper, and the business requirements of the most demanding specialty soft goods and hard goods retail environments in a variety of industries including apparel, footwear, discount, and general merchandise. Hundreds of leading retailers -- from Aeropostale and General Nutrition Centers, to Michael Kors and VF Corporation -- trust Epicor Retail solutions to help them remain current, competitive, and consistently strong.
About Epicor Software Corporation
Epicor Software Corporation is a global leader delivering inspired business software solutions to the manufacturing, distribution, retail and services industries. With over 40 years of experience serving small, midmarket and larger enterprises, Epicor has more than 20,000 customers in over 150 countries. Epicor enterprise resource planning (ERP), retail management software, supply chain management (SCM), and human capital management (HCM) enable companies to drive increased efficiency and improve profitability. With a history of innovation, industry expertise and passion for excellence, Epicor provides the single point of accountability that local, regional and global businesses demand. The Company's headquarters are located in Austin, Texas, with offices and affiliates worldwide. For more information, visit www.epicor.com.
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Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. QuantiSense, QuantiSense Retail Business Intelligence and QuantiSense Playbooks are trademarks of QuantiSense, Inc. All other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.
Management of Epicor Software believes certain statements in this press release may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward- looking statements include statements regarding the transaction, including potential synergies, the expected impact of the transaction, timing of closing, future operations of the combined entity, employment of certain executives and other statements that are not historical fact. These forward- looking statements are based on currently available competitive, financial and economic data together with management's views and assumptions regarding future events and business performance as of the time the statements are made and are subject to risks and uncertainties, including, without limitation, risks associated with market and economic conditions, Epicor's ability to consummate the transaction, which is subject to certain customary closing conditions, Epicor's ability to integrate this acquisition and recognize expected synergies, Epicor's ability to continue to support QuantiSense's customers and add functionality to QuantiSense's products, and the risks and uncertainties described in Epicor's Annual Report on Form 10-K for the year ended September 30, 2013 and Quarterly Reports on Form 10-Q. Actual results may differ materially from those expressed or implied in the forward-looking statements.
As a result of these factors the business or prospects expected by the Company as part of this announcement may not occur. Epicor undertakes no obligation to revise or update publicly any forward-looking statements except as required by applicable law.