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Monday, August 1, 2016

Oracle Buying NetSuite For $9.3 Billion

Oracle is buying ERP and omnichannel software provider NetSuite in a deal valued at around $9.3 billion, both companies announced.

The move reunites NetSuite CEO Zach Nelson with Oracle chairman Larry Ellison, who co-founded San Mateo, CA-based NetSuite in 1998. Ellison stepped down as NetSuite CEO two years ago.

Oracle CEO Mark Hurd said his company and NetSuite's cloud applications are complimentary.

"We intend to invest heavily in both products — engineering and distribution," Hurd said in a statement.

NetSuite — which reported a 30 percent year-over-year Q2 sales increase — provides cloud-based financials including ERP and omnichannel commerce software suites for distributors, manufacturers and retailers. Its software enables businesses to automate operations, streamline process and access real-time data on-demand.

NetSuite has more than 30,000 customers in more than 100 countries.

"NetSuite will benefit from Oracle's global scale and reach to accelerate the availability of our cloud solutions in more industries and more countries," said NetSuite's Nelson. "We are excited to join Oracle and accelerate our pace of innovation."

The transaction is expected to close this year.

Monday, July 18, 2016

Epicor To Be Acquired By Investing Firm KKR

Nine days after the Wall Street Journal reported that Apax Partners was considering a sale of Epicor Software, Epicor announced Tuesday that is has agreed to be acquired by global investment firm KKR. Terms were not disclosed for the transaction, which is expected to close by the end of August.

Apax Partners, a London-based private equity firm, bought Epicor for about $1.04 billion in 2011 and eventually merged it with rival Activant Solutions. Apax tried selling Epicor in 2014 but ended up pulling out after turning down offers it deemed to low from bidders, some which were reportedly worth around $3 billion.

Epicor’s software assists manufacturing, distribution and retail businesses with sales and supply-chain management. It is one of the leading technology providers for distributors, with more than 7,000 distributors using its software, according to Epicor's website.

"Our top priority continues to be delivering cloud-ready, market-leading solutions paired with a world-class customer experience," said Joe Cowan, president and CEO of Epicor. "KKR shares our vision of providing innovative technology with a clear focus on helping customers grow business, not software. This is an exciting time for Epicor, and I am extremely appreciative of Apax's support during the last five years."

Link to Article

Epicor Software Corporation

Kerridge Commercial Systems to Acquire Mincron

Kerridge Commercial Systems (KCS), a global company headquartered in the United Kingdom, has reached an agreement to acquire Mincron Software Systems, based in Houston, Texas, and its successful suite of products. This acquisition is a key strategic investment for KCS and a welcome development for Mincron. The companies will form one of the strongest ERP offerings for the distributive trades in North America.

KCS is the market-leading and award-winning provider of solutions with over 800 distributive trade customers worldwide, focusing on wholesalers/distributors/retailers and merchants in the construction, industrial and other sectors. In parallel, Mincron has a 30-year history of delivering ERP solutions to a similar customer profile–i.e. businesses that need to Source Effectively, Stock Efficiently, Sell Profitably and Service Competitively. The acquisition of Mincron by KCS follows the successful acquisition and integration of Cary, North Carolina-based Dancik International in July 2015.

Mincron will continue to focus on product innovation, including maintaining and supporting the existing SmartDistributor product suite while providing customers access to other products and services from the KCS portfolio.

Speaking about the acquisition, Ian Bendelow, KCS Group CEO commented, “This is another key strategic acquisition for us and our second in North America in as many years. It strengthens our geographical presence in the North American market and provides a further platform for growth in this important region. Mincron aligns with our successful business strategy of focusing on trading and business management solutions for the distributive trades, including wholesalers, distributors, retailers, merchants and resellers. Our customers will benefit from this acquisition through greater strength and depth in our North American team to support our functionally rich solutions to meet their business goals & challenges.”

Wendy Berger, General Manager of Mincron stated, “The acquisition by KCS brings together two great companies with similar history, culture and customer profile. The combined resources will further strengthen the KCS brand in North America & I look forward to being part of the Group and leading the Mincron team into a new era of opportunity.”

As Executive Vice President for KCS Group in North America, Alan Cross will support Wendy and the team and help to ensure that that benefits of being part of the larger group are available to all our customers.

Link to Article:
http://www.mincron.com/news-center/kerridge-commercial-systems-acquire-mincron/

For more information, please visit our websites:
www.kerridgecs.com www.dancik.com and www.mincron.com

Or contact: marketing@kerridgecs.com

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Tuesday, July 12, 2016

See How Infor And Brown Smith Wallace Team Up To Improve Your Business Processes With iMap

Drive your business forward with a process improvement evaluation.
 
iMAP-Industry Measure, Analyze, and Perform-is an industry-focused, business-process improvement evaluation for Infor clients. This independent offering brought to you by the Brown Smith Wallace Business Process & Systems Group is designed to map key business processes to industry best practices. Brown Smith Wallace has a long history of advising wholesale distributors on best practices and leading software evaluations. With more than 25 years of service, we have the expertise to quickly assess your business challenges, compare your performance to industry benchmarks, and help you build a high-ROI business case for justifying process redesign and system upgrades.   Learn more at:
http://tinyurl.com/hzj66a7

Infor And Brown Smith Wallace Team Up To Improve Your Business Processes With iMap

Monday, July 11, 2016

Inforum 2016: The Process Improvement Journey

Are your business processes and technologies holding back current performance and future growth? Do you struggle with determining what needs to change and building the support and funding for upgrades?

Jeff Gusdorf will be presenting at the 2016 Inforum in New York City on Tuesday, July 12 from 5:00pm to 5:45pm. He will cover how to quickly analyze your business challenges, benchmark your current process performance versus industry standards, and apply best practices to create "no-brainer" business cases that get approved and deliver great results. If you cannot be there, then download a summary of the presentation. 


Download Inforum Presentation Slides On Building A Compelling Business Case To Upgrade And Modernize Your Solutions

Inforum Presentation Slides On Building A Compelling Business Case To Upgrade And Modernize Your Solutions
 

Wednesday, July 6, 2016

Infor Acquires Retail-Demand Software Firm Predictix

Enterprise software firm Infor is acquiring Predictix LLC and merging the company’s consumer-demand forecasting technology into its own supply-chain management systems for retailers.

Infor had invested $25 million in Predictix  in January.

The company is buying out the other investors of Atlanta-based Predictix, which mines data from the internet and other sources to predict demand trends for retailers including Home Depot Inc. and Whole Foods Market Inc.

The acquisition, for an undisclosed amount, follows Infor’s $675 million acquisition in August 2015 of GT Nexus, another provider of cloud-based software for retailers.

Infor and Predictix said subscriptions to the Predictix analytics software grew 40 percent last year and have accelerated since Infor’s initial investment, according to the report.


Wednesday, June 29, 2016

Apax Considering Sale of Epicor

For the second time in two years, Apax Partners, a London-based private equity firm, is considering selling Epicor Software, according to a report by the Wall Street Journal.

Epicor Chief Executive Joe Cowan said the interest from private-equity buyers is "no surprise' given the company’s "strong performance and market leadership."

"We’ll consider those expressions of interest,' Mr. Cowan said in an email, the WSJ reported. "As we do so, we’ll be guided by what makes the most sense for the company and our customers."

Apax bought the company for about $1.04 billion in 2011 and later merged it with rival Activant Solutions Inc.

Apax put Epicor on the block in 2014 but ultimately chose not to sell, turning down offers it deemed too low from bidders including CVC Capital Partners, the Wall Street Journal said at the time. Some bids were around $3 billion including debt, the WSJ reported.

Epicor’s software assists businesses with sales and supply-chain management. It is one of the leading technology providers for distributors and says on its web site that more than 7,000 distributors use its software.
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