Activant Completes Acquisition of Intuit Eclipse

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.

“Activant Solutions Inc., a leading provider of vertical business management solutions, today announced that the company has completed the purchase of the Intuit Eclipse Distribution Management Solutions business from Intuit Inc. (Nasdaq: INTU). Under the terms of the agreement, Activant acquired the Intuit Eclipse business for approximately $100.5 million in cash, subject to potential post-closing adjustments.”

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