Activant Solutions, Inc., recently announced that it has completed the purchase of the Intuit Eclipse Distribution Mangement Solutions business from Intuit, Inc. Under the terms of the agreement, Activant — a provider of verticle business management solutions — acquired the business for approximately $100.5 million in cash, which is subject to potential post-closing adjustments.
Intuit Eclipse is an enterprise software provider for the wholesale distribution segment, servicing more than 600 wholesale distributors in verticals ranging from electrical, plumbing, HVAC and building materials to industrial, janitorial and other durable goods supplies. The Eclipse product is a comprehensive enterprise software solution, offering order and inventory management, purchasing, pricing, financial management, business reporting and analyses and warehouse management.
"Today, we bring together two strong technology providers to better service our customers in the wholesale distribution segment," says Pervez Qureshi, president and CEO of Activant. "The addition of the Eclipse product specifically strengthens Activant's position in the plumbing market, as well as our leadership position in the electrical industry. Both Activant and the Eclipse operations are deeply rooted in these market segments and our combined expertise and strengths will provide our customers and our company new opportunities for growth."
The acquisition strengthens Activant's position with larger wholesale distribution businesses and is an additional step in its corporate strategy to offer retail and distribution technology solutions that scale from independently owned small businesses to large national consolidators. Activant will sell, support and enhance the product under the brand name Activant Eclipse(TM).
For more information about Activant, visit the company's Web site.
|
