Epicor, a global leader of industry-specific enterprise software to promote business growth, announced today that it has acquired Configure Price Quote (CPQ) and visualisation software provider KBMax. Financial terms of the agreement were not disclosed.
KBMax software solutions will be marketed under the Epicor brand as a stand-alone module within the company’s productivity suite, aligning seamlessly with Epicor’s deep expertise in the global manufacturing engineer-to-order space. Epicor’s mission is to differentiate themselves from the one-size-fits-all and off-the-shelf ERP solution providers by offering their customers a highly customisable, industry specific one-stop solution that connects their front and back of the house.
Steve Murphy, Epicor CEO says: “Our customers are the essential businesses who make, deliver and sell the things everyone needs. We knew we needed to move fast, to enable them to be able to stay digitally competitive and build out scalable digital commerce capabilities. It’s a perfect time for businesses to reach their customers in new and compelling ways. For our existing manufacturing customers who may be using our embedded configurator, this gives them an opportunity for even greater, advanced features like 3D and VR, with the same great integration for CAD automation and BOM generation. We’ll be working with our existing customers should they be interested in learning more about KBMax’s best-in-class capabilities, and standard integration will be available in the fall.”
With complexity comes the need for real-time, reliable integration between systems, especially CPQ and ERP. Research shows that in 2020 80 percent of B2B buyer journeys took place online. Being able to configure a product in CPQ and instantly get 3D renderings and dimensioned drawings will dramatically reduce the time and cost it takes for Epicor customers to respond to RFPs, getting potential buyers the information they need to make a decision faster than ever before.
KBMax has transformed the buying experience for over 20,000 users and its CPQ software has delivered customers measurable improvements, on average a 168 percent increase in annual sales revenues, 38 percent faster sales cycle and a 35 percent increase in productivity.