Majority stake Closed Aug 2007
Activant Completes Acquisition of Intuit Eclipse
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Figures marked reported are drawn from a single or secondary source and are not independently confirmed. All figures are presented as reported, see Methodology.
Summary
Activant Solutions Inc. completed the purchase of the Intuit Eclipse Distribution Management Solutions business from Intuit Inc. for approximately $100.5 million in cash. The acquisition strengthens Activant's position in the wholesale distribution industry, particularly in the plumbing and electrical markets.