SOFTWARE

In a move to expand its cloud offerings, Austin’s Epicor acquires docSTAR

Austin-based Epicor says the New York-based company adds document management software to its portfolio.

Posted January 4th, 2017

In a move that expand its cloud offerings, Austin’s Epicor Software Corp. has acquired a New York-based document management software maker.

Epicor said the purchase of docSTAR, based in Schenectady, adds enterprise content management and automated accounts payable solutions to its portfolio.

Financial terms of the deal were not disclosed.

Epicor was founded in 1972 and moved its headquarters to Austin in 2014. The company sells resource planning and business management software to manufacturing, distribution, retail and service industries.

The company has more than 20,000 customers in 150 countries.

Founded in 1996, docSTAR develops software to increase productivity and reduce costs and transaction cycle times through business process automation.

About 2,000 organizations in North America use docSTAR solutions to streamline business processes, Epicor said. It targets industries including insurance, financial services, healthcare, real estate, manufacturing and the public sector.

“The acquisition of docSTAR supports our strategy to strengthen and expand our cloud offerings to enhance our cloud offerings to enhance customer experience and the value we deliver to customers,” Kathy Crusco, Epicor chief operating and financial officer, said in a statement.

With the close of the acquisition, former docSTAR CEO Tom Franceski will become general manager of the document management business at Epicor.

In July, Epicor agreed to be acquired by KKR & Co., a New York-based private equity firm. Epicor was previously owned by Apax Partners, which bought the company in 2011.

Terms of the KKR purchase were not disclosed, but the Wall Street Journal reported that a previous attempt to sell Epicor resulted in offers around $3 billion.

Epicor has about 4,000 employees worldwide, and 238 in Austin.

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