Epicor Software Corporation has announced that it will acquire QuantiSense, a provider of cloud-based and on-premise analytic solutions for the retail industry. The deal is expected to close on Oct. 31, 2014.
With the purchase of privately owned QuantiSense, Epicor will be able to expand its range of solutions for midsize and large chains, adding advanced retail analytics and business intelligence to its retail portfolio.
“The acquisition of QuantiSense is a smart choice for Epicor,” according to Nikki Baird, Managing Partner for Retail Systems Research, as reported in the press statement. “I’m looking forward to the addition of powerful analytics on top of Epicor’s vast set of transactions and customer data. This combination promises to help mid-market retailers rapidly turn their Big Data into meaningful and actionable insights.”
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The QuantiSense platform is designed to consolidate large volumes of data from disparate sources into a cohesive view of the business. QuantiSense currently is working with a variety of Epicor clients, including Michael Kors, Carters, FGL Sports, Nexcom, and Reitmans.
QuantiSense solutions will be an “important strategic addition” to Epicor’s offerings, said Noel Goggin, Executive Vice President and General Manager at Epicor Retail. The company shares “our focus on delivering advanced solutions to help retailers transform their organizations, create exceptional customer experiences and develop new opportunities to drive profitability.”
Once the acquisition is closed, QuantiSense Founder and CEO Jeff Buck, as well as CTO Juan Pereira, are expected to join Epicor Retail to lead the company’s retail analytics and Big Data initiatives.
