Epicor Software Corporation has agreed to acquire privately held QuantiSense, Inc., a provider of cloud and on-premises packaged analytic solutions for the retail industry.
The acquisition of QuantiSense, expected to close by Oct. 31, 2014, will extend Epicor's position as a provider of extended omnichannel solutions for midsize and large retail chains. Each year, over $450 billion in transactions flow through Epicor Retail systems implemented at many top retail brands. The addition of QuantiSense business intelligence and advanced retail analytics offerings to the Epicor Retail solutions portfolio will empower retailers to leverage enterprise-wide data as actionable insights to optimize all aspects of their operations, from the supply chain through to multi-channel points of purchase.
QuantiSense delivers analytic solutions targeted to all key retail business users including buyers, planners, marketers, auditors, store and regional managers, and corporate executives. An important advantage of the QuantiSense platform is its ability to manage big data requirements, consolidating huge volumes of data from disparate systems into a meaningful, role-based view of the business resulting in more reliable information, reduced costs, increased agility, and faster execution. QuantiSense customers include a number of major global retail brands such as Hallmark Cards, Men's Warehouse, Restoration Hardware, and Urban Outfitters. QuantiSense is already successfully working with many of Epicor's largest retailers including Michael Kors, Carters, FGL Sports, Nexcom, and Reitmans.
"QuantiSense is an important strategic addition to Epicor, as they share our focus on delivering advanced solutions to help retailers transform their organizations, create exceptional customer experiences, and develop new opportunities to drive profitability," said Noel Goggin, executive vice president and general manager, Epicor Retail. "QuantiSense has established a world-class customer base with the retail analytics industry's highest client satisfaction ratings -- affirmed by its two consecutive years at #1 overall on the RIS Software LeaderBoard. With Big Data solutions available for deployment in the cloud, QuantiSense provides retailers with a significant and sustainable competitive advantage with a faster time to value."
"We are excited to join forces with Epicor -- a global leader in retail solutions to drive even greater value and opportunity to our clients," said Jeff Buck, founder and CEO of QuantiSense. "The combination of QuantiSense's powerful, yet easy-to-use analytics applications with the advanced, end-to-end Epicor Retail solutions suite will enable retailers to maximize performance across their entire operations to drive profitability and accelerate growth."
Following the closing of the acquisition, Buck and QuantiSense co-founder and chief technology officer Juan Pereira are expected to join Epicor Retail to lead the company's retail analytics and Big Data initiatives. Buck and Pereira each have more than 20 years of experience in the advanced analytics market applied to the retail industry, including several years with leading retail data analytics platform company MicroStrategy.
"Mid-market retail has all of the challenges of the largest retailers and all of the IT budget and capacity for change of the smallest retailers. In order to remain competitive, it is increasingly critical for these retailers to have a strong grasp of the trends impacting their businesses," said Nikki Baird, managing partner for RSR Research. "The acquisition of QuantiSense is a smart choice for Epicor. I'm looking forward to the addition of powerful analytics on top of Epicor's vast set of transactions and customer data. This combination promises to help mid-market retailers rapidly turn their big data into meaningful and actionable insights."