Under the terms of the
agreement, Activant, a provider of vertical business management solutions, will
pay Intuit about $100 million in cash, subject to certain adjustments, to
purchase the Intuit Eclipse business. The agreement, signed on July 2, is
expected to close this month.
Intuit Eclipse is a provider of business management solutions for wholesale
distributors in segments ranging from electrical, plumbing, HVAC and building
materials to industrial, janitorial and other durable goods supplies.