Epicor bought by investment group

AUSTIN, Texas — Epicor Software has announced it will be acquired by the global investment firm KKR from funds advised by Apax Partners. Financial terms of the transaction were not disclosed. The company provides industry-specific software to the manufacturing, distribution, and retail sectors, a mission unchanged by the deal. “Our top priority continues to be delivering cloud-ready, market-leading solutions paired with a world-class customer experience,” said CEO and president Joe Cowan.  “KKR shares our vision of providing innovative technology with a clear focus on helping customers grow business, not software.” KKR is primarily making the investment from its eleventh Americas Private Equity investment fund.