E.Piphany (NASDAQ:EPNY)
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From May 2019 to May 2024
SSA Global Technologies, Inc.(TM) (NASDAQ:SSAG), a
leading global provider of extended enterprise solutions and services,
and Epiphany (NASDAQ:EPNY), today announced the signing of a
definitive agreement under which SSA Global will acquire 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's management believes that 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.
"Our two companies share the same core values of customer
satisfaction and commitment to quality products, implementation and
support," added Karen Richardson, CEO, Epiphany. "Epiphany's solutions
bring compelling value to an organization and SSA Global's leadership
and market strength can take Epiphany to the next level of
excellence."
The transaction is expected to close in approximately eight to
twelve weeks and is subject to customary closing conditions, including
approval by Epiphany's shareholders and regulatory approvals.
There will be an analyst and investor conference call conducted by
executive management to discuss the transaction, today at 5:00 p.m.
ET/2:00 p.m. PT. The live discussion can be accessed by dialing
1-800-706-7741 or 1-617-614-3471, passcode 65084584. A live audio-only
webcast of the call will be made available to the public on the
Company's website at http://investor.ssaglobal.com and will be
archived for approximately three months following the call.
Additional Information and Where to Find It
Epiphany has agreed to file a proxy statement in connection with
the proposed merger and related transactions. The proxy statement will
be mailed to the stockholders of Epiphany. Epiphany's stockholders are
urged to read the proxy statement and other relevant materials when
they become available because they will contain important information
about Epiphany, the Merger and related transactions. Investors and
security holders may obtain free copies of these documents (when they
are available) and other documents filed with the Securities and
Exchange Commission (the "SEC") at the SEC's web site at www.sec.gov.
In addition, investors and security holders may obtain free copies of
the documents filed with the SEC by Epiphany by going to Epiphany's
Investor Relations page on its corporate website at www.epiphany.com
or by contacting Todd Friedman at Epiphany at 475 Concar Drive, San
Mateo, California 94402 or by phone at (650) 356-3800.
In addition, Epiphany and its officers and directors may be deemed
to be participants in the solicitation of proxies from Epiphany's
stockholders with respect to the merger. A description of any
interests that Epiphany's officers and directors have in the merger
and related transactions will be available in the proxy statement. In
addition, SSA Global may be deemed to have participated in the
solicitation of proxies from Epiphany's stockholders in favor of the
approval of the merger agreement and related transactions. Information
concerning SSA Global's directors and executive officers is set forth
in SSA Global's final prospectus for its initial public offering,
which was filed with the SEC on May 26, 2005. This document is
available free of charge at the SEC's web site at www.sec.gov or by
going to SSA Global's Investor Relations page on its corporate website
at www.ssaglobal.com.
About SSA Global
SSA Global(TM) is a leading provider of extended ERP solutions for
manufacturing, distribution, retail, services and public organizations
worldwide. In addition to core ERP applications, SSA Global offers a
full range of integrated extension solutions including corporate
performance management, customer relationship management, product
lifecycle management, supply chain management and supplier
relationship management. Headquartered in Chicago, SSA Global has 63
locations worldwide and its product offerings are used by
approximately 13,000 active customers in over 90 countries. For
additional information, visit the SSA Global web site at
www.ssaglobal.com.
SSA Global(TM) is the corporate brand for product lines and
subsidiaries of SSA Global Technologies, Inc. SSA Global, SSA Global
Technologies and SSA GT are trademarks of SSA Global Technologies,
Inc. Other products mentioned in this document are registered,
trademarked or service marked by their respective owners.
Forward-Looking Statements
These materials may contain "forward-looking statements."
Forward-looking statements include, without limitation, any statement
that may predict, forecast, indicate or imply future results,
performance or achievements, and may contain the words "believe,"
"anticipate," "expect," "estimate," "intend," "project," "plan," "will
be," "will likely continue," " will likely result," or words or
phrases with similar meaning. All of these forward-looking statements
are based on estimates and assumptions made by our management that,
although we believe to be reasonable, are inherently uncertain.
Forward-looking statements involve risks and uncertainties, including,
but not limited to, economic, competitive, governmental and
technological factors outside of our control, that may cause our
business, strategy or actual results to differ materially from the
forward-looking statements. We operate in a changing environment in
which new risks can emerge from time to time. It is not possible for
management to predict all of these risks, nor can it assess the extent
to which any factor, or a combination of factors, may cause our
business, strategy or actual results to differ materially from those
contained in forward-looking statements. Factors you should consider
that could cause these differences include, among other things:
-- General economic and business conditions, including exchange
rate fluctuations in the United States and abroad;
-- Our ability to identify acquisition opportunities and
effectively and cost-efficiently integrate acquisitions;
-- Our ability to maintain effective internal control over
financial reporting;
-- Our ability to attract and retain personnel, including key
personnel;
-- Our success in developing and introducing new services and
products;
-- Competition in the software industry, as it relates to both
our existing and potential new customers.