SSA Global Technologies Inc. said Monday it will acquire CRM (customer relationship management) software maker Epiphany Inc. in an all-cash deal the companies valued at $329 million. The acquisition will add another set of applications to SSA Global's growing portfolio of distressed ERP (enterprise resource planning) technologies.
San Mateo, California-based Epiphany is an eight-year-old company currently caught in the crowded middle of the CRM field. The company makes a suite of sales, service, and call-center applications, with a particular focus on marketing management features. Like many other vendors in the CRM field, it has struggled with declining sales: Epiphany's revenue from new license sales dropped 35 percent last year, while its total revenue dropped 18 percent, to $79.3 million. It has reported a loss each year since its inception.
Chicago-based SSA Global said it will expand Epiphany's distribution worldwide and use the technology to boost its SSA CRM line of sales and marketing applications. The company, which went public in May, has used acquisitions to assemble an portfolio that includes ERP software Baan and Marcam, along with assorted other supply-chain, financial, human resources and product lifecycle management applications. Like Epiphany, Baan and Marcam were also having a tough time in the market before they were purchased by SSA.
SSA Global will pay $4.20 per share of Epiphany (ticker symbol: EPNY), a 9 percent premium on Tuesday's closing price of $3.84. Before the acquisition announcement, shares of Epiphany ended trading Wednesday on the Nasdaq exchange at $3.90.
Pending shareholder and regulatory approvals, the companies expect the deal to close within three months.
This whitepaper explains the terminology and concepts behind Data Replication technologies and establishes some sizing rules through worked examples. Learn the new paradigm in disaster tolerance—protect data anywhere.
Download now »
Server virtualization is a popular option for dealing with mounting datacenter costs. Another equally promising approach is the use of an Application Delivery Controller. Citrix NetScaler provides a low-cost way for organizations to reduce their server count and accrue cost savings from a reduction in space, cooling, power and personnel.
Download now »
The emergence of WLANs has created a new breed of security threats to enterprise networks.
Included in HP ProCurve WLAN solutions is security technology that alleviates threats from WLANs through:
* Monitoring wireless activity inside and out of the enterprise
* Classifying WLAN transmissions into harmful and harmless
* Preventing transmissions that pose a security threat to the enterprise network
* Locating participating devices for physical remediation
Effectively address data protection challenges, implementing solutions that help store and protect business–critical data while cutting costs and improving efficiency and reliability.
Download now »
Sign up to receive Applications Resource Alerts
Recommend This
