SSA Global Technologies Inc., a provider of extended enterprise solutions and services, announced last week a definitive agreement to acquire CRM solutions provider Epiphany.
The transaction has a gross value of $329 million, or $4.20 per share for the shareholders of Epiphany.
Epiphany, San Mateo, CA, is a leader in customer relationship management with a suite of products that 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 technology as the recently released SSA Technology Architecture. The combined architecture will provide the flexibility to integrate with existing enterprise applications and quickly tailor solutions for specific industries.
Chicago-based SSA Global's management said Epiphany will benefit from SSA Global's distribution network reaching 90 countries. Synergies between the companies include their adoption of an open standard, service-oriented technology and a significant percentage of shared customers in manufacturing, finance and service industries. Both companies are committed to serving the mid-market and large global enterprises with quality solutions having high ROI.
The transaction is expected to close in eight to 12 weeks and is subject to customary closing conditions, including approval by Epiphany shareholders and regulatory approvals.
