Austin, Texas – Epicor Software Corp. is spinning off its retail solutions business into a separate, privately held company, in partnership with funds advised by Apax Partners. Referred to as “SpinCo” until the transaction is finalized, the Epicor retail solutions business continues under the leadership of Noel Goggin, executive VP and general manager.
“The spinoff of our retail business will ultimately deliver increased value to the customers of both resulting companies,” said Cowan. “We believe this move will enable both businesses to become more focused, better positioned for growth and capitalize on the unique competitive opportunities faced by each.”