Activant Solutions announced that it will acquire Prophet 21, a technology provider to the wholesale distribution market, for $215 million. Activant is a business management solutions company focused on vertical industries.
“Prophet 21's next-generation business management solution, CommerceCenter, and e-commerce offering, Trading Partner Connect, give Activant a more comprehensive solution set that deepens our market expertise and leadership in the wholesale distribution industry,” said Larry Jones, CEO of Activant Solutions.