July 10, 2007 - Activant Solutions To Buy Intuit Eclipse™ Distribution Management Solutions
Under the terms of the agreement, Activant, a leading provider of vertical business management solutions, will pay Intuit approximately $100 million in cash, subject to certain adjustments, to purchase the Intuit Eclipse business. The agreement, signed July 2, is subject to customary closing conditions and is expected to close in August 2007.
Activant, a technology provider of vertical business management solutions, has identified the wholesale distribution industry as a vertical segment for the company’s growth and expansion. The acquisition of the Intuit Eclipse business will augment its customer base and expand its technology offerings in the wholesale distribution segment.
Intuit Eclipse is a leading 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.
Both Activant and Intuit Eclipse have deep knowledge and key partnerships in the wholesale distribution segment. The combined organizations will provide customers with an expanded portfolio offering and continued product innovation.