Activant Completes Acquisition of Intuit Eclipse Distribution Management Solutions Business
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."