With acquisition, Epicor looks ahead
As the previously announced acquisition of Epicor Software Corporation by investment firm KKR becomes official, the technology company is looking to enter what it believes will be its next phase of growth.
And it has made some executive to moves to realize that goal.
Effective upon the close of the acquisition, Joe Cowan continues as president and CEO of Epicor and has aligned the executive leadership team to take Epicor into this next phase of growth, the company said.
Epicor also announced new and expanded roles for several members of its executive leadership team to further centralize functions that are key to strategy execution:
• Kathy Crusco is taking on an expanded role as COO while retaining her current responsibilities as CFO and executive VP. As COO she will lead the company’s customer support and human resources divisions as well as having other functions reporting directly to her.
• Celia Fleischaker expands her role as chief marketing officer and executive VP beyond corporate marketing to include field marketing, teleprospecting, and product marketing.
• Himanshu Palsule will take on the role of chief product and technology officer and executive VP, expanding his responsibilities to include leading product management in addition to product development, tools and technology.
“As we embark on our first days with KKR as our partner in expanding growth opportunities for our employees, customers and partners worldwide, I am confident in the executive leadership team we’ve assembled,” said Cowan. “This team has a unique opportunity ahead — with a partner that shares our vision — to build lasting relationships with customers for life, through cloud-ready, market-leading solutions paired with a world-class customer experience that will drive growth for our customers.”
“With the acquisition now complete, we look forward to continuing the great work already underway with the Epicor leadership team and to help accelerate the company's global growth plans through strong products, partners and customer solutions,” said Herald Chen, member of private equity and head of technology at KKR.
There’s an App for that: Color Muse
Makers of the new Color Muse say designers now have a new digital resource that revolutionizes and accelerates the way color inspiration and product specification can be managed, organized and shared.
The Color Muse system consists of a small hand-held technologically advanced scanning device and a downloadable app that works on iOS and Android smart phones and tablet devices.
“Color Muse really is a game-changer for designers and other professionals in the commercial or residential building industries,” said George Yu, CEO and founder of Variable Inc., the maker of Color Muse. “Color Muse is not meant to replace the importance touching, feeling and seeing product in-person. But, Color Muse can significantly reduce many of today’s manual processes that can be time-consuming and cumbersome.”
Variable Inc. pointed to research that shows that color is a significant force in driving emotional and physical well-being. It is also a major factor in purchasing decisions; according to an article in the Journal of Genetic Psychology, “color accounts for 85 percent of the reason why someone decides to purchase a product.”
With color such an important aspect of a designer’s trade, Color Muse’s matching capability means there is no misinterpretation of color between designer and client. This saves valuable time in the design process, which can include ordering and waiting for unnecessary product samples; traveling to and from client meetings to finalize color palette schemes; or spending countless hours sifting through materials in a product library, to name a few.
Interior designers and others can purchase the handheld device for $49.00 (not including tax and shipping) at http://colormuse.io. The app is free and can be downloaded here or the iOS App or Google Play Stores.
A handful of industry players crack a Forbes list
The list of “America’s Largest Private Companies,” published by Forbes, includes a handful of familiar names to those in the hardware and building supply industry.
There are 233 companies on the list, and representing the home improvement industry are the following privately held players:
• Menards, ranked 37th with $8.7 billion in sales;
• Kohler, ranked 61st, with $6 billion in sales;
• ABC Supply, ranked 63rd, with $5.9 billion in sales;
• Guardian Building Products, ranked 67th with $5.6 billion in sales;
• Southwire, ranked 77th with $5.1 billion in sales;
• 84 Lumber, ranked 177th with $2.5 billion in sales;
• GAF, ranked 132nd, with $3.2 billion in sales;
For a more focused view of the building products industry, HBSDealer publishes the annual Top 200 Pro Dealer Scoreboard.