SSA Global to acquire Epiphany
SSA Global Technologies, Inc. , a leading global provider of extended enterprise solutions and services, will acquire CRM solution provider Epiphany. The transaction has a gross value of US$329 million or US$4.20 per share for the shareholders of Epiphany.
Epiphany is a recognised leader in CRM with a suite of products that includes sales, service, marketing and customer analytics. These applications are based on a similar services-oriented architecture built using the same Java 2 Enterprise Edition (J2EE) technology as the recently released SSA Technology Architecture. Epiphany’s combined architecture will provide SSA Global with the flexibility to integrate with existing enterprise applications and provide a platform for the company to quickly tailor solutions for specific industries.
"CRM is an important growth market and Epiphany has innovative solutions that are highly respected for their robust functionality, technology infrastructure and ease-of use," said Chairman, President and CEO of SSA Global, Mike Greenough. "SSA Global brings worldwide distribution power to Epiphany solutions, as they will become part of a total end-to-end solution. With Epiphany, we expect to enhance SSA Global’s CRM and the broad portfolio of solutions that will help customers and prospects address demand driven business issues."
SSA Global’s management believes Epiphany will benefit from SSA Global’s expansive distribution network that reaches over 90 countries worldwide. The synergies between the companies include their common adoption of an open standard, service-oriented technology and a significant percentage of shared customers in manufacturing, finance and service industries. Both companies are committed to serving the mid-market and large global enterprises with quality solutions having high ROI.
"Our two companies share the same core values of customer satisfaction and commitment to quality products, implementation and support," added the CEO of Epiphany, Karen Richardson. "Epiphany's solutions bring compelling value to an organisation and SSA Global's leadership and market strength can take Epiphany to the next level of excellence."
The transaction is expected to close in approximately eight to twelve weeks and is subject to customary closing conditions, including approval by Epiphany's shareholders and regulatory approvals.
9-Aug-2005