28
May 2021
8
Epicor Acquires KBMax banner

Epicor Acquires KBMax – Press Release Epicor Software Corp.

The following press release “Epicor Acquires KBMax to Accelerate Growth” was originally published, here. Epicor Acquires KBMax a

Epicor Acquires KBMax – Press Release Epicor Software Corp.

Epicor , , , , , Sean Balogh

The following press release “Epicor Acquires KBMax to Accelerate Growth” was originally published, here.

Epicor Acquires KBMax a Technology Leader in The Configure Price Quote (CPQ) Market to Help Customers Sell Smarter

News Summary:

  • The acquisition drives continued growth for Epicor with the ability to offer KBMax software as a stand-alone cloud-first, low/no code toolset, or integrated into the Epicor productivity suite to generate new, cross-and-up sell potential.
  • Builds a bridge between Epicor’s customized ERP modules and the sales-to-order process, delivering better customer outcomes.
  • Opens up new international growth markets for Epicor across the United Kingdom, France, Benelux, Sweden, Finland, Italy, and Germany.
  • Marks is the latest in a series of strategic merger and acquisition efforts that cement Epicor’s ambitions to become the sole provider of mission-critical business applications to customers in the key industries served.
  • KBMax customers will benefit by having access to greater technology solutions and services housed beneath the Epicor brand name, coupled with a seamless transition and assured continuity.

AUSTIN, Texas, May 27, 2021 –  Epicor, a global leader of industry-specific enterprise software to promote business growth, announced today that it has acquired Configure Price Quote (CPQ) and visualization software provider KBMax. The transaction closed on May 27. The financial terms of the agreement were not disclosed.

KBMax software solutions will be marketed under the Epicor brand as a stand-alone module within the company’s productivity suite, aligning seamlessly with Epicor’s deep expertise in the global manufacturing engineer-to-order space. The ability to offer customers a highly customizable, industry-specific one-stop solution that connects the front and back of the house supports Epicor’s mission to differentiate itself from the fleet of one-size-fits-all off-the-shelf ERP solutions.

“Our customers are the essential businesses who make, deliver, and sell the things everyone needs. We knew we needed to move fast, to enable them to be able to stay digitally competitive and build out scalable digital commerce capabilities,” comments Steve Murphy, Epicor CEO. “It’s a perfect time for businesses to reach their customers in new and compelling ways. The integration of KBMax’s technology into our platform will solve that challenge for our customers, enabling them to create an information-rich and immersive online buying experience. The integration of next-gen CPQ tools with our ERP system will enable vital connectivity points to our customers across inventory, costs, pricing, and customer data.”

With complexity comes the need for real-time, reliable integration between systems, especially CPQ and ERP. Research shows that in 2020 80 percent of B2B buyer journeys took place online. Being able to configure a product in CPQ and instantly get 3D renderings and dimensioned drawings will dramatically reduce the time and cost it takes for our customers to respond to RFPs, getting potential buyers the information they need to make a decision faster than ever before.

The integration of KBMax with Epicor’s ERP solutions will provide customers:

  • A seamless connection between sales and operation data improves demand planning and production.
  • A single source of truth for the most complex engineer-to-order projects delivering faster and more accurate sales quotes, fewer order mistakes, and improved sales rep productivity.
  • Ability to navigate the escalating trend of self-service/online business by translating complex sales information into something easy to configure and visualize.
  • A centralized data hub that can be managed in a single application that delivers a full 360-degree view of a customer’s order /fulfillment status allowing the front and back of-house teams to work from the same playbook.
  • Supported business continuity for existing KBMax customers.

KBMax has transformed the buying experience for over 20,000 users and its CPQ software has delivered customers measurable improvements, on average a 168 percent increase in annual sales revenues, 38 percent faster sales cycle, and a 35 percent increase in productivity.

“Epicor truly understands the industries it serves and its deep expertise in critical verticals from manufacturing to distribution make it the ideal home in which our technologies can nest seamlessly, and deliver immediate customer value while allowing us to scale and expand the technology suite,” said Kevin Bennett, KBMax CTO. “The integration of our software into the Epicor portfolio will help ensure the world’s most essential businesses can digitally evolve and thrive.”

About Epicor

Epicor Software Corporation equips hard-working businesses with enterprise solutions that keep the world turning. For nearly 50 years, Epicor customers in the manufacturing, distribution, LBM, retail, and automotive industries have trusted Epicor to help them do business better. Epicor’s innovative solution sets are carefully curated to fit customer needs and built to respond flexibly to their fast-changing reality. With deep industry knowledge and experience, Epicor accelerates every customer’s ambitions, whether to grow and transform or simply become more productive and effective. Visit www.epicor.com for more information.

Acknowledgments from Lee An Schommer, SVP, Global Product Management & Epicor University

“As part of our continued commitment to deliver a best-in-class highly customizable suite of productivity solutions, today we are excited to announce that Epicor has acquired KBMax, the technology leader in the 3D Configure Price Quote market.

Research shows that in 2020 80 percent of a B2B buyer’s journey took place online. Understanding the demands on your customers to reach their potential buyers in new and compelling ways, we knew that being able to offer next-gen CPQ tools that are seamlessly and securely housed within our ERP system, would deliver the advantage they need to keep their business ahead.
Combining KBMax’s software expertise in complex configurations with our deep B2B industry knowledge will significantly enhance our competitive position in the marketplace. The addition of KBMax’s leading technology provides vital connectivity points across inventory, pricing, and customer data. Being able to configure a product in CPQ and instantly get 3D renderings and drawings will dramatically reduce the time and cost it takes the businesses we serve to respond to RFPs, ensuring potential buyers receive the information they need to make a decision faster than ever before.
We look forward to continuing to partner with you to enable a world of better business.”

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, or renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.

20
Jan 2021
0
Epicor ERP Case Study Resource Directory banner

Epicor ERP Case Study – Aimtron

Founded in 2009, Aimtron is a highly sophisticated printed circuit board assembly (PCBA) manufacturer that delivers thermal management

Epicor ERP Case Study – Aimtron

Case Studies , , , , , , , , , , , , , , , , , , , , , , , , , Sean Balogh

Founded in 2009, Aimtron is a highly sophisticated printed circuit board assembly (PCBA) manufacturer that delivers thermal management technology to verticals such as medical, military, automotive, consumer, commercial, gaming, and alternative energy. Its capabilities range from small, rapid-turn prototypes to high-volume domestic and offshore manufacturing.

Success Highlights

Challenges

  • Inability to plan at the group level because of poor alignment across different departments
  • The legacy system could not cope with new acquisitions
  • Inadequate supply chain planning
  • Tough compliance laws

Solution

  • Epicor® ERP

Benefits

  • Increased efficiency with the consolidation of data across multiple legal entities and real-time data monitoring
  • Eased compliance with U.S. industry regulations
  • Integrated platforms across the entire supply chain
  • Saved more than seven percent on inventory costs
  • Reduced production staffing costs by 23 percent

 

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.

02
Sep 2020
0
an image alerting users of an epicor software corporation acquisition update that concerns the sale of the company

Epicor Software Corporation Acquisition By Clayton, Dubilier & Rice

A press release detailing the Epicor Software Corporation acquisition by investment firm Clayton, Dubilier & Rice was published

Epicor Software Corporation Acquisition By Clayton, Dubilier & Rice

Epicor , , , , , Sean Balogh

A press release detailing the Epicor Software Corporation acquisition by investment firm Clayton, Dubilier & Rice was published on August 31, 2020. You can read the full press release, Here.

Epicor Software Corporation Acquisition

The purchase of Epicor Software Corporation from KKR, the former owner of four years, represents an important milestone for Epicor.

“This is an exciting day for the entire Epicor family—employees, customers, and partners alike – and validates the company’s leadership position across markets we serve,” said Epicor CEO Steve Murphy. “We welcome this new partnership with CD&R, which shares our vision for growing the company, and I thank KKR for a highly successful partnership these past few years. We are excited to work with CD&R to increase investment in our market-leading product portfolio and to enhance our ability to support an ever-increasing range of customer needs.”

“Epicor’s reputation for quality and performance, and its impressive portfolio of next-generation cloud products, position the company well to accelerate growth in the coming years,” said Jeff Hawn, CD&R Operating Partner.  “We look forward to partnering with the Epicor management team to further expand Epicor’s product portfolio as well as make strategic acquisitions to meet customers’ evolving digital transformation needs.”

“We are excited to partner with Epicor and its talented management team to drive the business into a new phase of growth and profitability,” said Rick Schnall, CD&R Co-President. “Our long-standing industrial end-market experience and growing enterprise software expertise align well with Epicor’s value creation plan.”

“Four years ago, we embarked on an ambitious product modernization journey together with Epicor and are incredibly proud of the successes that the company has achieved to date, particularly with its recent cloud releases,” remarked John Park, Chairman of the Epicor Board and Head of Americas Technology Private Equity at KKR. “We are confident that CD&R will provide valuable support as the company continues this product- and customer-centric investments to accelerate growth in the cloud.”

CD&R Operating Partner Jeff Hawn will serve as Chairman of the Epicor Board upon close of the transaction, expected later this year.

We expect more information to follow shortly and look forward to an exciting new chapter in the story of Epicor’s rise in prominence over the past 5 decades.

About Encompass Solutions

Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.

16
Jul 2019
0
an image of the majure data logo

Epicor Acquires Majure Data

This press release regarding Epicor’s acquisition of Majure Data was previously published by the Epicor Newsroom Acquisition of

Epicor Acquires Majure Data

Epicor , , , , Sean Balogh

This press release regarding Epicor’s acquisition of Majure Data was previously published by the Epicor Newsroom

Acquisition of Majure Data will expand Epicor solution’s portfolio for lumber and building materials dealers and distributors

Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, announced today that it has acquired Majure Data, a leading provider of warehouse management solutions for the lumber and building materials (LBM) industry. The transaction closed on July 1. The financial terms of the agreement were not disclosed.

Based in Milton, GA, Majure Data is a leading provider of warehouse management solutions to the building products industry in the U.S. and Canada. Majure Data has over 35 years of experience in warehouse management and has developed its solutions with a focus on the lumber and building materials industry for more than 18 years.

an image of the majure data logo

“Both companies offer deep industry expertise and are committed to building long-term relationships with customers, providing increased efficiency, accuracy, and operational improvements in warehouse operations,” said Bill Wilson, senior vice president, of retail and building materials industry solutions, Epicor. “Majure Data offers full integration tools for leading industry ERP platforms, allowing a broad range of LBM dealers and distributors to transform their warehouse operations.”

Before completion of this acquisition, Epicor acted as a reseller for the Majure Data products “RF Navigator” and “RF Navigator Foundations”. Bringing Majure Data into the Epicor family continues to demonstrate Epicor’s commitment, focus, and investment in the LBM industry. The acquisition allows Epicor to offer a powerful solution for LBM customers striving to improve their On Time In Full (OTIF) performance by increasing inventory accuracy and productivity, reducing shipping errors, and providing direct insight into the daily operations of the warehouse, enabling them to better serve their customers.

“This acquisition strengthens our ability to deliver innovative technology that accelerates sales growth, improves productivity, and enhances customer loyalty. With the combination of Majure Data’s deep industry functionality and Epicor’s scale of technology, we look forward to providing a premier business growth platform for lumber and building materials businesses,” concluded Wilson.

About Majure Data

Majure Data is a leading supplier of Warehouse Management Systems for the building products industry. With over 35 years of experience, we have the technology and expertise to transform your current warehouse and yard operations. We partner with the leading ERP providers in the industry to offer you a tightly integrated solution for millwork, roofing & siding, hardwood, pro dealer, cabinet, lumberyard, and wholesale distribution.

About Epicor Software Corporation

Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed to fit the precise needs of our manufacturing, distribution, retail, and service industry customers. More than 45 years of experience with our customers’ unique business processes and operational requirements are built into every solution―in the cloud or on-premises. With this deep understanding of your industry, Epicor solutions dramatically improve performance and profitability while easing complexity so you can focus on growth.

About Encompass Solutions

Encompass Solutions, Inc. is an ERP consulting firm, NetSuite Solution Provider, and Epicor Gold Partner that offers professional services in business consulting, project management, and software implementation. Whether undertaking full-scale implementation, integration, and renovation of existing systems or addressing emerging challenges in corporate and operational growth, Encompass provides a specialized approach to every client’s needs. As experts in identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of the Industry.