Epicor Picks Clarus' Bargain At The Software Flea Market
Part 2: Challenges and User Recommendations
P.J. Jakovljevic - December 5, 2002

Challenges

In October Epicor Software Corporation (NASDAQ: EPIC), signed a definitive agreement with Clarus Corporation (NASDAQ: CLRS), a provider of buy-side e-Business applications to the mid-market, to acquire substantially all of its core products, including procurement, sourcing, settlement and analytics written on Microsoft platforms, in an all-cash transaction for a purchase price of $1 million. The transaction is expected to close in Q4 2002, subject to Clarus shareholder approval. Epicor will provide service and support to the majority of Clarus’ installed base of procurement customers, and it has been engaged in reselling Clarus’ procurement product for more than two years. Epicor believes the acquisition should enable it to leverage its experience in procurement and sourcing, its integration expertise, as well as its .NET architecture to deliver an expanded suite of supplier relationship management (SRM) capabilities as part of its enterprise suite offering or as stand-alone offering...