Epicor Looks to Scala to Expand ERP Presence
Merger will create the largest independent midmarket ERP provider based on the .Net platform.Filling a gap in the midmarket enterprise resource planning software development market, Epicor Software Corp. announced Friday a merger with European-based Scala Business Solutions. Epicor, of Irvine, Calif. expects to pay about $87 million for the Amsterdam, Netherlands, companya deal that amounts to $41.7 million in cash plus 4.1 million shares of Epicors common stock, officials said.
While Epicors board of directors has approved the transaction, Scalas board will meet in the near future to decide the transaction. The deal is expected to close the first quarter of 2004.