Epicor announced that it has acquired eFlex Systems, a cloud-based Manufacturing Execution System (MES) technology provider. The acquisition expands the Epicor portfolio of Advanced MES capabilities to help manufacturers increase productivity by modernizing their production environments through digital work instructions, advanced process control, and real-time visibility. ECI announced that it has completed its acquisition of ES Tech Group, a UK-based B2B eCommerce software, and services company serving small and medium-sized enterprise manufacturers, distributors, and wholesalers. This acquisition expands ECI’s existing eCommerce portfolio and furthers ECI’s investments in the digital economy and eCommerce. Acumatica released that as it continues to expand, it will be introducing a new program called Services Partner Program, where these Services Partners will join Acumatica’s Value-Added Resellers and Independent Software Vendors. The Services Partners will help Acumatica customers implement and apply their ERP software for industry-specific implementations. OneStream released that its Annual Recurring Revenue increased over 50% year over year for the third quarter ending September 30, 2022. In addition to the substantial revenue growth, OneStream added over 60 new customers in the third quarter, approaching 1,100 globally. Automation Anywhere received $200 million in investments, led by major venture capital partners. Utilizing the investment, Automation Anywhere will bring significant new software enhancements to its product offering, aiming to keep “humans in the loop” of intelligent automation.
Hi and welcome to episode 59 of The ERP Minute. I am your host, Rebekah McCabe.
This week, Epicor announced that it has acquired eFlex Systems, a cloud-based Manufacturing Execution System (MES) technology provider. The acquisition expands the Epicor portfolio of Advanced MES capabilities to help manufacturers increase productivity by modernizing their production environments through digital work instructions, advanced process control, and real-time visibility. Epicor’s expanding portfolio will enable it to provide continued value to its customers, especially in its core industries.
Additionally, ECI announced that it has completed its acquisition of ES Tech Group, a UK-based B2B eCommerce software, and services company serving small and medium-sized enterprise manufacturers, distributors, and wholesalers. This acquisition expands ECI’s existing eCommerce portfolio and furthers ECI’s investments in the digital economy and eCommerce. ECI continues to make a way for itself in the ERP market, further demonstrated by the expansion of its capabilities. We look forward to seeing its continued growth in the future.
Acumatica released that as it continues to expand, it will be introducing a new program called Services Partner Program, where these Services Partners will join Acumatica’s Value-Added Resellers and Independent Software Vendors. The Services Partners will help Acumatica customers implement and apply their ERP software for industry-specific implementations. It is important for all ERP vendors to constantly build upon their service channels to meet growing demand and ensure value delivery to customers.
In other news, OneStream released that its Annual Recurring Revenue increased over 50% year over year for the third quarter ending September 30, 2022. In addition to the substantial revenue growth, OneStream added over 60 new customers in the third quarter, approaching 1,100 globally. OneStream is seeing significant growth across the board, demonstrating the bright future they will continue to have in the ERP space.
In related robotic process automation news, Automation Anywhere received $200 million in investments, led by major venture capital partners. Utilizing the investment, Automation Anywhere will bring significant new software enhancements to its product offering, aiming to keep “humans in the loop” of intelligent automation. We see this as another major investment, similar to recent news on Celonis, where process automation platforms are going to continue to hand more of the automation solutions that ERP solutions have been doing in the past.
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