HVAC Breaking News

July 18, 2007: Activant to Buy Intuit's Distribution Management Solutions Business

July 18, 2007
/ Print / Reprints /
/ Text Size+

LIVERMORE, Calif., and MOUNTAIN VIEW, Calif. - Activant Solutions Inc. has signed a definitive asset purchase agreement with Intuit Inc. to acquire the Intuit Eclipse™ Distribution Management Solutions business.

Under the terms of the agreement, Activant, a leading provider of vertical business management solutions, will pay Intuit approximately $100 million in cash, subject to certain adjustments, to purchase the Intuit Eclipse business. The agreement is subject to customary closing conditions and is expected to close in August 2007.

Activant has identified the wholesale distribution industry as a key vertical segment for the company's growth and expansion. Intuit Eclipse is a leading provider of business management solutions for wholesale distributors in segments including HVAC, plumbing, and others.

"The acquisition of Intuit Eclipse is an important step in Activant's vision to be a leader in vertical business management software solutions," said Pervez Qureshi, president and chief executive officer of Activant Solutions. "Intuit Eclipse has built a loyal customer base with a strong product offering that will complement Activant's technologies, and give customers a broader set of solutions to grow their businesses and better serve their customers."

For more information, visit www.activant.com.

Publication date: 07/16/2007

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.



Image Galleries

2014 Energy Efficiency Forum

Highlights from the 25th annual Energy Efficiency Forum in Washington, D.C.


NEWSMakers: John Missell

John Missell, vice president and COO of Spectrum Design, joins the program to discuss how his company has utilized geothermal technologies, and we examine the future of renewable energy resources. Posted on Aug. 15.

More Podcasts


NEWS 08-18-14 cover

2014 August 18

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

Prohibiting HFCs

EPA is proposing a rule that would prohibit some HFCs in select refrigeration applications. Do you agree with this move?
View Results Poll Archive


2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research


Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


Magazine image
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.


facebook icontwitter iconyoutube iconLinkedIn i con