MARKET MOVEMENT
CVC has joined CD & R as investment partner in Epicor
Clayton , Dubilier and Rice and CVC , have agreed to acquire a significant ownership position in Epicor . CD & R , which first invested in Epicor in 2020 , and CVC will each have equal number of Board seats , with Jeff Hawn continuing to serve as Chairman . Steve Murphy will continue in his role as CEO of Epicor .
“ Our customers and their ambitions are the focus of what we do as we work to provide the most innovative solution sets possible ,” said Steve Murphy , Epicor CEO . “ CD & R ’ s support and
Steve Murphy partnership has been invaluable as we have accelerated the growth of our business , invested significantly in our portfolio and released a number of next-generation , cloud-ready products . We look forward to working with CVC as we continue to grow our platform capabilities , with a keen focus on better serving our dynamic customer base .”
Since CD & R ’ s acquisition of Epicor in 2020 , the company recently surpassed $ 1
billion in annual recurring revenue , ARR as a result of organic growth , including a successful transformation into a SaaS-first company , as well as complementary strategic acquisitions which expanded product capabilities and geographic reach .
Epicor ’ s SaaS transformation and 45 % annual growth in SaaS ARR have been powered by significant R & D and go-to-market investments , while laying the groundwork for further innovation .
In May 2024 , Epicor unveiled its new Epicor Grow portfolio , an integrated set of AI and Business Intelligence capabilities powered by an industry-focused data platform tuned specifically for the requirements of the Make , Move , and Sell industries . The company ’ s portfolio redefines how AI-powered ERP software serves the supply chain industries and their workers , and includes Epicor Prism , a patent-pending generative AI service embedded across Epicor ’ s Industry ERP Cloud solution .
“ When we invested in Epicor nearly four years ago , there was an attractive opportunity to build on the company ’ s strong foundation and to create an industry provider focused on best-in-class enterprise SaaS ,” said Jeff Hawn , Epicor Chairman and CD & R Partner .
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WSO2 forms new board with Jonas Persson , Hari Gopalakrishnan , Dr Sanjiva Weerawarana
WSO2 , a global provider of digital transformation technologies , said that its acquisition by EQT , first announced May 3 , 2024 , has been completed . EQT will support WSO2 ’ s next phase of accelerated growth and innovation by drawing on EQT ’ s deep experience in the software space , global network of industry experts , and dedicated digital value-creation team .
With the acquisition , a new board of directors has been formed to spearhead the next stage of WSO2 ’ s growth . The chair is Jonas Persson , who formerly served as CEO of Microsoft Sweden and has been the chairperson for several portfolio companies like Suse , Acumatica , IFS and Sitecore . He is joined by Hari Gopalakrishnan , a partner in the EQT Private Capital Asia advisory team and Global co-head of EQT ’ s services sector team , and Dr Sanjiva Weerawarana , who founded WSO2 and will continue his role as CEO .
EQT is a purpose-driven global investment organisation with EUR 246 billion in total assets under management , EUR 133 billion in fee-generating assets under management , within two business segments – Private Capital and Real Assets . EQT owns portfolio companies and assets in Europe , Asia-Pacific and the Americas and supports them in achieving sustainable growth , operational excellence and market leadership .
Since its inception in 2005 , WSO2 has been at the forefront of building innovative software that allows organisations to seamlessly deliver digital experiences . Today , WSO2 ’ s platform offers a complete set of market solutions across integration , API management , identity and access management , IAM and application development .
Thousands of organisations , including hundreds of the world ’ s largest corporations , top universities , and governments , rely on
Dr Sanjiva Weerawarana
WSO2 ’ s cloud native software as a service , SaaS and open-source offerings to drive their digital initiatives , executing 60 trillion transactions and managing over 1 billion identities each year .
WSO2 now joins EQT ’ s extensive global portfolio of enterprise software companies , which includes firms such as Virtusa , Billtrust , IFS , SUSE , Storable , thinkproject , and Waystar . •
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