NEW YORK, April 4, 2011 /PRNewswire/ -- Elliott Associates,
L.P., a major shareholder of Epicor Software Corporation (NASDAQ:
EPIC) which owns 13.5% of common stock of the company, today gave
its strong support for the announced acquisition of Epicor by Apax
Partners.
"Epicor is a great company and has proven technology leadership
in the SMB ERP marketplace. We are confident that under Apax's
capable ownership this leadership will continue," said Jesse A. Cohn, Portfolio Manager at Elliott.
"Over the last three years, Elliott has had a close dialogue and
working relationship with Epicor's management, and we are pleased
to have helped the company realize this outstanding outcome for all
shareholders. We applaud the Board for achieving this terrific
combination."
About Elliott Associates
Elliott Associates, L.P. and its sister fund, Elliott
International, L.P. have more than $17
billion of capital under management. Founded in 1977,
Elliott is one of the oldest hedge funds under continuous
management. The Elliott funds' investors include large
institutions, high-net-worth individuals and families, and
employees of the firm.
SOURCE Elliott Associates, L.P.