Epicor Software Corporation, a leading provider of enterprise business software solutions for the midmarket and divisions of the Global 1000, announced that its proposed acquisition of NSB Retail Systems PLC, a leading global provider of software solutions and services for the specialty retail market, received approval from NSB shareholders at both the UK Court-convened Court Meeting and the General Meeting held on January 16, 2008.
Implementation of the proposals for Epicor to acquire NSB remains subject to U.S. regulatory and UK Court approval, which is expected to be obtained by February 7, 2008. Subject to such approvals, the effective date of the acquisition is expected to be February 7, 2008.
Epicor Chairman and CEO George Klaus commented, "We are very pleased that our acquisition of NSB is proceeding on track and that the voting NSB shareholders confirmed their approval of the transaction. We expect the acquisition of NSB to provide significant synergies, excellent cross-selling opportunities and significant economies of scale and we are excited to be on target to close in early February."
Epicor is a global leader dedicated to providing integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and professional services automation (PSA) software solutions to the midmarket and divisions of Global 1000 companies. Founded in 1984, Epicor serves over 20,000 customers in more than 140 countries, providing solutions in over 30 languages.
Employing innovative service-oriented architecture (SOA) and Web services technology, Epicor delivers end-to-end, industry-specific solutions for manufacturing, distribution, retail, hospitality and services that enable companies to drive increased efficiency, improve performance and build competitive advantage.
Epicor Software Corporation
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