SSA Global Acquires Epiphany

NEW DELHI: SSA Global Technologies, Inc., an extended enterprise solutions and services provider, and Epiphany, today announced the signing of a definitive agreement under which SSA Global acquired customer relationship management (CRM) solution provider Epiphany.

The transaction has a gross value of $329 million or $4.20 per share for the shareholders of Epiphany.

Epiphany is a recognized leader in CRM 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 (J2EE) technology as the recently released SSA Technology Architecture. The combined architecture will provide the flexibility to integrate with existing enterprise applications and to quickly tailor solutions for specific industries.

“CRM is an important growth market and Epiphany has innovative solutions that are highly respected for their robust functionality, technology infrastructure and ease-of use,” said Mike Greenough, chairman, president and CEO of SSA Global. “SSA Global brings worldwide distribution power to Epiphany solutions as they will become part of a total end-to-end solution. With Epiphany, we expect to enhance SSA CRM and the broad portfolio of solutions that will help customers and prospects address demand driven business issues.”

SSA Global said in a press release that its management believed Epiphany will benefit from SSA Global's expansive distribution network that reaches over 90 countries worldwide. The synergies between the companies include their common adoption of an open standard, service oriented technology and a significant percentage of common-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.