Acquisition Advances Epicor Cloud-First Strategy with Enterprise Content Management and Automated Accounts Payable Solutions Available in the Cloud
Austin, TX /PRNewswire/ - Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, today announced that it has acquired privately-held docSTAR, an award-winning developer of document management software based in Schenectady, New York. The transaction closed on Jan. 3, financial terms were not disclosed.
The acquisition brings docSTAR collaborative cloud-based enterprise content management (ECM) and automated accounts payable (AP) solutions to the Epicor enterprise resource planning (ERP) solutions portfolio. Founded in 1996, docSTAR has over 20 years of experience delivering solutions that enable organizations to increase productivity, reduce cost and transaction cycle times through business process automation.
Today, nearly 2,000 organizations in North America rely on docSTAR solutions—available as a cloud hosted service or on premises. docSTAR enables customers to streamline business processes with smart enterprise content management, document management, automated accounts payable and electronic forms technology that integrates with third party ERP solutions. docSTAR solutions are suitable for a number of industries including insurance, financial services, healthcare, real estate, manufacturing, legal, non-profit, education and the public sector. docSTAR customers include Allison Marine Contractors, Inc., Crescent Crown Distribution, the Cleveland Indians, Mohawk Fine Papers, Inc., and the United Way of Greater Knoxville, to name a few.
"The acquisition of docSTAR supports our strategy to strengthen and expand our cloud offerings to continually enhance customer experience and the value we deliver to our customers," said Kathy Crusco, chief operating and financial officer, Epicor. "docSTAR brings valuable knowledge and experience in the development and implementation of cloud-based document management software, with a successful track record integrating its solutions with leading ERP offerings. A near term focus following the acquisition will be on extending docSTAR integration to Epicor ERP."
With the close of the acquisition, former President and CEO of docSTAR, Tom Franceski, will lead the document management business at Epicor as general manager reporting directly to Crusco.
"We are excited to join forces with Epicor, a recognized leader in the global ERP market, as we share a commitment to enhance the customer experience through cloud offerings that automate business processes and promote growth," said Franceski. "The increased scale gained as part of a global organization will enable us to further technology innovation to deliver greater value to customers."
About Epicor Software Corporation
Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed around the needs of our manufacturing, distribution, retail, and service industry customers. More than 40 years of experience with our customers' unique business processes and operational requirements are built into every solution―in the cloud, hosted, or on premises. With this deep understanding of your industry, Epicor solutions manage complexity, increase efficiency, and free up resources so you can focus on growth. For more information, connect with Epicor or visit www.epicor.com.
Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. 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 Corporation believes certain statements in this news release may constitute forward-looking statements including statements regarding the transaction, including potential synergies, the expected impact of the transaction, future operations of the combined entity, 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 Epicor's ability to integrate this acquisition and recognize expected synergies, Epicor's ability to continue to support and add functionality to the acquired technologies and continued market acceptance of our new product and service offerings. 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 Epicor 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.
SOURCE: Epicor Software CorporationCopyright 2017 PR Newswire. All Rights Reserved