Activant
Solutions Inc
., a leading provider of vertical business management
solutions, today announced that the company has completed the
purchase of the Intuit Eclipse Distribution Management Solutions
business from Intuit Inc
. Under the terms of the agreement, Activant acquired the Intuit Eclipse
business for approximately $100.5 million in cash, subject
to potential post-closing adjustments.
Intuit
Eclipse
is a leading enterprise software provider to the wholesale
distribution segment using a UniVerse Database, 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.
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
.
"Today, we bring together two strong technology providers to
better service our customers in the wholesale distribution
segment," said 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."