Contact: Damon Wright
Sr. Director, Investor Relations
Epicor Software Corporation
949/585-4509
dswright@epicor.com
Epicor® Provides Update on Proposed Acquisition of NSB Retail
Systems PLC
NSB Shareholders Vote to Approve Acquisition by Epicor
IRVINE, Calif., January 22, 2008 — Epicor Software Corporation (NASDAQ:
EPIC), a leading provider of enterprise business software solutions for the midmarket
and divisions of the Global 1000, today announced that its proposed acquisition of NSB
Retail Systems PLC (London Stock Exchange: NSB RETAIL), a leading global provider
of software solutions and services for the specialty retail market, received approval from
NSB shareholders at both the UK Court-convened Court Meeting and the General
Meeting held on January 16, 2008.
Implementation of the proposals for Epicor to acquire NSB remains subject to
U.S. regulatory and UK Court approval, which is expected to be obtained by February 7,
2008. Subject to such approvals, the effective date of the acquisition is expected to be
February 7, 2008.
Epicor Chairman and CEO George Klaus commented, “We are very pleased that
our acquisition of NSB is proceeding on track and that the voting NSB shareholders
confirmed their approval of the transaction. We expect the acquisition of NSB to provide
significant synergies, excellent cross-selling opportunities and significant economies of
scale and we are excited to be on target to close in early February.”
About Epicor Software Corporation
Epicor is a global leader dedicated to providing integrated enterprise resource planning
(ERP), customer relationship management (CRM), supply chain management (SCM)
and professional services automation (PSA) software solutions to the midmarket and
NSB Shareholders Approve Acquisition
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divisions of Global 1000 companies. Founded in 1984, Epicor serves over 20,000
customers in more than 140 countries, providing solutions in over 30 languages.
Employing innovative service-oriented architecture (SOA) and Web services technology,
Epicor delivers end-to-end, industry-specific solutions for manufacturing, distribution,
retail, hospitality and services that enable companies to drive increased efficiency,
improve performance and build competitive advantage. Epicor solutions provide the
scalability and flexibility to meet today's business challenges, while empowering
enterprises for even greater success tomorrow. Epicor offers a comprehensive range of
services with its solutions, providing a single point of accountability to promote rapid
return on investment and low total cost of ownership. Epicor’s worldwide headquarters
are located in Irvine, California with offices and affiliates around the world. For more
information, visit www.epicor.com.
# # #
Epicor is a registered trademark of Epicor Software Corporation. Other trademarks referenced
are the property of their respective owners. The product and service offerings depicted in this
document are produced by Epicor Software Corporation.
Forward-Looking Statements
Management of Epicor Software believes certain statements in this press release may constitute
forward-looking statements under the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include statements regarding the scheme transaction, potential
synergies, the accretive affect of the transaction, timing of closing, future operations of the
combined entity and other statements that are not historical fact. These forward-looking
statements are based on currently available competitive, financial and economic data together
with management’s views and assumptions regarding future events and business performance as
of the time the statements are made and are subject to risks and uncertainties, including, without
limitation, risks associated with market and economic conditions, Epicor’s ability to consummate
the transaction, which is subject to certain conditions, Epicor’s ability to integrate this acquisition
and recognize expected synergies, Epicor’s ability to continue to support NSB’s customers and
add functionality to NSB’s products, and the risks and uncertainties described in Epicor’s Annual
Report on Form 10-K for the year ended December 31, 2006 and Quarterly Report on Form 10-Q
for the three month period ended September 30, 2007. Actual results may differ materially from
those expressed or implied in the forward-looking statements.
As a result of these factors the business or prospects expected by the Company as part of this
announcement may not occur. Epicor undertakes no obligation to revise or update publicly any
forward-looking statements. |
