SSA Global Technologies Inc., a provider of extended enterprise solutions and services, has signed a definitive agreement to acquire customer relationship management (CRM) solution provider Epiphany. The transaction has a gross value of $329 million or $4.20 per share for the shareholders of Epiphany.
Epiphany’s product suite includes sales, service, marketing and customer analytics. These applications are based on a similar services-oriented architecture and built using the same Java 2 Enterprise Edition (J2EE) technology as the recently released SSA Technology Architecture. The combined architecture will provide the flexibility to integrate with existing enterprise applications and to tailor solutions for specific industries.
With Epiphany, SSA Global plans to enhance SSA CRM with the Epiphany technology with the goal of helping customers and prospects address demand driven business issues, explains Mike Greenough, chairman, president and CEO of SSA Global.
SSA Global’s management believes that 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 common-shared customers in manufacturing, finance and service industries. Both companies serve mid-market and large global enterprises.
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