Relizon to Acquire Epsilon, Create New CRM Unit
Financial terms of the agreement were not disclosed
Relizon, Dayton, OH, said the planned acquisition will enhance and expand its customer relationship management capabilities. To augment its document, billing and marketing solutions, Relizon will merge its eCRM Group with Epsilon, creating a business unit with an expanded customer base, more resources and increased growth opportunities.
Epsilon will maintain its brand identity and keep intact its management team. It will change its name to Epsilon, a Relizon Company. Corey V. Torrence, who will continue as president of the expanded Epsilon.
Relizon was created in August 2000 when The Reynolds and Reynolds Co. sold its Information Solutions Group to The Carlyle Group, one of the world's largest private investment companies with more than $13 billion in assets under management.
The Epsilon acquisition would be "the perfect capstone to our first year of successful operation as an independent company," said Rodney A. Hedeen, Relizon's president/CEO. "In the face of a slowing economy, Relizon and Epsilon have both been able to sustain and grow a profitable base of highly satisfied customers. When combined with Epsilon, our fiscal year will close with revenue approaching $1 billion dollars."