Business software maker Activant Solutions has wrapped up its $100.5m cash purchase of Intuit’s Eclipse Distribution Management Solutions business unit.
The Intuit unit sells software to wholesale distributors in the electronic, plumbing, heating, and building materials industries. It’s Eclipse-branded software suite currently services over 600 wholesale distributors, and comprises order and inventory management, purchasing, pricing, financial management, business reporting and analyses, and warehouse management application modules.
The software will now be sold under the Activant Eclipse name.
Livermore, California-based Activant, which supplies tailored vertical business management software to around 30,000 small and medium sized retail distributors, is hoping to strengthen its presence in the wholesale distribution market.
Intuit, best known for its accounting software, announced in June that it was selling the business unit to Activant. We’re pleased to have Activant acquire our Intuit Eclipse business, said David Merenbach, vice president of Intuit’s software businesses.
The addition of the Eclipse product strengthens Activant’s suite of products targeting the wholesale distribution industry, and at the same time the divestiture allows Intuit to focus on its core businesses.
Activant was founded in 1972 as Triad Systems and shifted its headquarters from Austin, Texas to Livermore in May 2006.
This is Activant’s second vertically-focused acquisition this year. In June it announced it had acquired the Canadian software maker Silk Systems, to expanding its presence in the Canadian home improvement, wholesale distribution, and building materials industries market.