Epicor Announces Close of KKR Acquisition and Executive Leadership Appointments to Accelerate Growth Strategy Back to Press Releases

Epicor Announces Close of KKR Acquisition and Executive Leadership Appointments to Accelerate Growth Strategy

September 1, 2016

New Leadership Roles to Further Centralize Operations, Global Marketing, Product and Technology Innovation to Advance Cloud- and Customer-First Initiatives

 

AUSTIN, TX — (Marketwired) — 09/01/16 — Epicor Software Corporation, a global provider of industry-specific enterprise software to promote business growth, announced today the completion of the previously announced acquisition of the Company by leading global investment firm KKR. Effective upon the close of the acquisition, Joe Cowan continues as President and CEO of Epicor and has aligned the executive leadership team to take Epicor into this next phase of growth.

With a clear focus on accelerating growth internationally, expanding the channel business, and further development of shared services capabilities through centers of excellence, Epicor also announces new and expanded roles for several members of its executive leadership team to further centralize functions that are key to strategy execution:

  • Kathy Crusco is taking on an expanded role as Chief Operating Officer (COO) while retaining her current responsibilities as Chief Financial Officer and Executive Vice President. As COO she will lead the Company’s customer support and human resources divisions as well as having other functions reporting directly to her.
  • Celia Fleischaker expands her role as Chief Marketing Officer and Executive Vice President beyond corporate marketing to include field marketing, teleprospecting, and product marketing.
  • Himanshu Palsule will drive growth and innovation as Chief Product and Technology Officer and Executive Vice President, expanding his responsibilities to include leading product management in addition to product development, tools and technology.

“As we embark on our first days with KKR as our partner in expanding growth opportunities for our employees, customers and partners worldwide, I am confident in the executive leadership team we’ve assembled,” said Joe Cowan, president and CEO of Epicor. “This team has a unique opportunity ahead — with a partner that shares our vision — to build lasting relationships with customers for life, through cloud-ready, market-leading solutions paired with a world-class customer experience that will drive growth for our customers.”

“With the acquisition now complete, we look forward to continuing the great work already underway with the Epicor leadership team and to help accelerate the company’s global growth plans through strong products, partners and customer solutions,” said Herald Chen, Member of private equity and Head of Technology at KKR.

About KKR
KKR is a leading global investment firm that manages investments across multiple asset classes including private equity, energy, infrastructure, real estate, credit and hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world‐class people, and driving growth and value creation at the asset level. KKR invests its own capital alongside its partners’ capital and brings opportunities to others through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About Epicor Software Corporation
Epicor Software Corporation drives business growth. We provide flexible, industry-specific software designed around the needs of our manufacturing, distribution, retail, and service industry customers. More than 40 years of experience with our customers’ unique business processes and operational requirements are built into every solution — in the cloud, hosted, or on premises. With this deep understanding of your industry, Epicor solutions manage complexity, increase efficiency, and free up resources so you can focus on growth. For more information, connect with Epicor or visit www.epicor.com.

Epicor and the Epicor logo are trademarks of Epicor Software Corporation, registered in the United States and other countries. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.


Epicor Software Corporation
Lisa Preuss
+1.949.585.4235
lpreuss@epicor.com

KKR
Kristi Huller or Cara Kleiman
+1.212.750.8300
media@kkr.com

Source: Epicor Software Corporation

 

 

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This presentation contains certain forward-looking statements pertaining to KKR & Co. Inc. and its consolidated subsidiaries (collectively “KKR”), including certain investment funds, vehicles and accounts that are managed by KKR (each, a “fund”). Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. The forward-looking statements are based on KKR’s beliefs, assumptions and expectations of its future performance, taking into account all information currently available to it. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to KKR or are within its control. If a change occurs, KKR’s business, financial condition, liquidity and results of operations, including but not limited to, assets under management, fee paying assets under management, after-tax distributable earnings, capital invested, syndicated capital, uncalled commitments, cash and short-term investments, fee related earnings, fee and yield segment EBITDA, core interest expense and book value, may vary materially from those expressed in the forward-looking statements. The following factors, among others, could cause actual results to vary from the forward-looking statements: whether KKR realizes all or any of the anticipated benefits from converting to a corporation and the timing of realizing such benefits; whether there are increased or unforeseen costs associated with the conversion, including any adverse change in tax law; the volatility of the capital markets; the general volatility of the capital markets; failure to realize the benefits of or changes in KKR’s business strategies including the ability to realize the anticipated synergies from acquisitions or strategic partnerships or other transactions; availability, terms and deployment of capital; availability of qualified personnel and expense of recruiting and retaining such personnel; changes in the asset management industry, interest rates or the general economy; underperformance of KKR's investments and decreased ability to raise funds; and the degree and nature of KKR’s competition. All forward-looking statements speak only as of the date they are made. KKR does not undertake any obligation to update any forward-looking statements to reflect circumstances or events that occur after the date on which such statements were made except as required by law. In addition, KKR’s business strategy is focused on the long-term and financial results are subject to significant volatility.

Additional information about factors affecting KKR, including a description of risks that may be important to a decision to purchase or sell any common or preferred stock of KKR & Co. Inc., can be found in KKR & Co. Inc.’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and its other filings with the SEC, which are available at www.sec.gov.

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