Contact: Damon Wright
Sr. Director, Investor Relations
Epicor Software Corporation
949/585-4509
dswright@epicor.com
Thomas Kelly Named President and CEO of Epicor® Software
George Klaus Continues as Executive Chairman
IRVINE, Calif., February 19, 2008 — Epicor Software Corporation (NASDAQ: EPIC), a
leading provider of enterprise business software solutions for the midmarket and divisions of
Global 1000 companies, announced today that its board of directors has named software and
technology industry leader Thomas Kelly as the Company’s President and Chief Executive
Officer. The appointment is the result of Epicor’s on-going succession planning process and is
effective immediately. Kelly is a current member of Epicor’s board of directors and will remain
on the board in connection with his new role. Kelly, who brings more than 25 years of executive
leadership and an extensive background that spans sales, services, finance and operations in
both private and public companies, succeeds George Klaus, who will continue serving as
Executive Chairman of the Board and will devote his time to helping ensure a smooth transition
of leadership responsibilities.
“All areas of Epicor’s business are performing exceptionally well, and the board sought a
CEO with the experience and credentials to sustain and build on our momentum,” said Klaus.
“Since joining Epicor’s board of directors in 2000, Tom has been an influential force within the
Company and today’s announcement is the culmination of a carefully architected succession
plan. Tom brings significant expertise in technology innovation, application software and its ondemand
model. As an Epicor board member, Tom has been actively involved with many
aspects of Epicor’s business from sales and marketing to technology and product strategy.
Tom’s executive leadership tenure in the technology industry makes him extremely well suited
to take the stewardship of our expanding base of 20,000 committed customers, our more than
3,000 employees, our strong, growing partner ecosystem and our shareholders. He is, in the
Kelly Named President and CEO
Page 2
-Moreunanimous
judgment of our board, the ideal person to lead Epicor as the Company enters its
next phase of growth, profitability and market leadership.”
“It is an honor to take the reins of this great company from one of the industry’s true
visionaries,” said Kelly. “In just over ten years, George has guided Epicor from a $30 million
financial software company, to a leading global enterprise applications and services company
that will exceed half a billion dollars in annual revenues, while generating significant profitability.
“I am extremely excited about the opportunity to build on the momentum that George
has created and to ensure that Epicor extends its market leadership and industry leading
growth by continuing to deliver innovative products, technology and services,” continued Kelly.
“The combination of my industry experience, along with the excellent working relationship I
have developed over the past seven years with George, the board and Epicor’s senior
executives has prepared me well for this step. We will continue to strive to deliver profitable
growth through both innovation and consistent execution that is focused on our customers and
the markets we serve. The success we have achieved by being at the forefront of delivering a
comprehensive suite of enterprise applications based on Web services and service-oriented
architecture (SOA) will now be accelerated by our next wave of applications and new services
that can deliver broader access to information and increase productivity by leveraging ondemand,
Web 2.0 and expanded collaborative capabilities for regional and global enterprises
from manufacturing to retail.”
The Company also announced that Mark Duffell, Epicor’s President and Chief Operating
Officer, will be leaving to pursue other opportunities outside of Epicor. Duffell has committed to
remain with the Company through March 31, 2008 to support the transition of his
responsibilities and to support the initial integration activities associated with Epicor’s recent
acquisition of NSB Retail Systems.
“Mark is a close personal friend and has been a great contributor to Epicor for the past
12 years,” commented Klaus. “His dedication and contributions to Epicor’s organic and
acquired growth has been critical to our success. We appreciate his commitment to oversee
the integration of NSB as part of our expanded retail strategy and we wish him well in his future
endeavors.”
Kelly, 55, has been a director of Epicor since January 2000 and chairman of the Audit
Committee since 2003, and since May 2005 has served as Chairman and CEO of MontaVista
Software, the leading provider of Linux operating systems and tools for electronic systems and
devices. From September 2004 through December 2005, he was associated with Trident
Capital and Morgan Stanley Ventures, private venture capital firms, as an Entrepreneur in
Kelly Named President and CEO
Page 3
-More-
Residence. During the period from March through September 2005, Kelly also held the title of
Chief Executive Officer and member of the Board of Directors of Transware Limited (a portfolio
company of Trident).
Between 1998 and 2004, Kelly served as Chairman and Chief Executive Officer for
Blaze Software (NASDAQ:BLZE), a worldwide provider of rules-based e-business software,
where he helped take the company public on the Nasdaq exchange and subsequently led its
sale to Brokat International AG of Germany; and BlueStar Solutions, Inc. (formerly eOnlineInc),
an information technology outsourcer with a primary focus on ERP application management
services, which was acquired by Affiliated Computer Services in August 2004.
Prior to his roles with Blaze and BlueStar, Kelly served as a senior executive officer with
significant strategic oversight for several high tech publicly-traded companies, including: Cirrus
Logic, a $1 billion semiconductor company, where Kelly was Chief Operating Officer, and
previously Chief Financial Officer, with responsibilities for sales and all product divisions; Frame
Technology Corp., where Kelly was Executive Vice President and Chief Financial Officer; and
Cadence Design Systems, a $1.3 billion software company, where he served as Senior Vice
President and Chief Financial Officer.
Kelly holds a B.S. degree in economics from Santa Clara University. He is actively
involved in various community organizations and serves on the Board of Regents for Santa
Clara University, as well as the Board of FEI Company (NASDAQ: FEIC). Kelly will continue to
serve on the Board of MontaVista Software as its Chairman.
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 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
Kelly Named President and CEO
Page 4
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.
Safe Harbor Statement
Statements contained in this press release that do not relate to historical facts may be viewed as “forwardlooking
statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended,
and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Such forward-looking
statements may involve known and unknown risks, uncertainties and other factors, which may cause
actual events, and/or the actual performance, financial condition or results of operations of Epicor to be
materially different from the actual events, and/or future performance, financial condition or results of
operations, implied by such forward-looking statements. Further information regarding some of these
risks, uncertainties and other factors is included in the Company’s annual report on Form 10-K filed with
the U.S. Securities and Exchange Commission (the "SEC") and such other documents that Company may
file with the SEC from time to time. |
