Steve Murphy
CEO
It’s an exciting day at Epicor, as our current majority shareholder, Clayton, Dubilier & Rice (CD&R), has agreed to sell a significant portion of its ownership position in Epicor to CVC, a leading global private markets manager with a long track record of investing in and growing companies in the technology and software space.
It’s an exciting day at Epicor, as our current majority shareholder, Clayton, Dubilier & Rice (CD&R), has agreed to sell a significant portion of its ownership position in Epicor to CVC, a leading global private markets manager with a long track record of investing in and growing companies in the technology and software space. You can read more about the news here.
We have been on an incredibly strong growth trajectory at Epicor the past several years, thanks to a host of committed stakeholders including CD&R, our valued employees, ecosystem of partners around the globe, and of course our more than 23,000 customers that are the backbone of the make, move, and sell industries worldwide. Through our collaboration and hard work, we recently surpassed $1 billion in annual recurring revenue (ARR) having successfully transformed into a SaaS-first company, made eleven strategic acquisitions since 2020 to add industry-focused capabilities our customers require, and we’ve been ranked as a leading enterprise software provider in our categories by influential analyst firms including Gartner and IDC. It’s been one heck of a ride!
Today, another exciting chapter of growth and opportunity begins. CVC joining with CD&R as an equal partner to invest in our business is a significant and positive development for Epicor and those we serve around the world. With CVC’s expertise and added resources, coupled with CD&R’s operationally-oriented approach to building businesses, we will continue to innovate, expand our product offering and meet our customers’ evolving needs. That means continued investment and expansion of our market-leading SaaS products and accelerating our cognitive ERP vision with powerful AI capabilities throughout our offerings.
Strategic acquisitions will also continue to be a core component of our customer-centric growth strategy, and we believe our partnership with both CD&R and CVC opens up a number of exciting opportunities for us to pursue both internationally and in terms of adding complementary product capabilities.
To that end, CVC will be particularly helpful in enabling us to expand our international footprint, especially in Europe where CVC is headquartered, deepen our presence in our existing verticals while moving into adjacent and attractive sub-verticals, and continue to invest in new channel partnerships and international expansion efforts.
All in all this is a huge boost of additional investment, resource, and capability in serving our essential customers across the supply chain industries. We hope you share our enthusiasm for this next chapter of growth, and I look forward to an exciting road ahead.