ERP software developer Epicor Software Corp. (Austin, TX) today announced that it has acquired privately-held docSTAR (Schenectady, NY), a developer of document management software, in a move said to further Epicor’s cloud-first strategy.
Financial terms of the deal, which closed on Jan. 3, were not disclosed.
The acquisition brings docSTAR’s collaborative cloud-based enterprise content management (ECM) and automated accounts payable (AP) solutions to the Epicor ERP solutions portfolio. Founded in 1996, docSTAR has more than 20 years of experience delivering solutions that enable organizations to increase productivity, reduce cost and transaction cycle times through business process automation. The company currently has about 2000 customers in North America that use docSTAR solutions—which are available as a cloud-hosted service or on premises—enabling customers to streamline business processes with smart enterprise content management, document management, automated accounts payable and electronic forms technology that integrates with third party ERP solutions.
Current docSTAR customers include Allison Marine Contractors Inc., Crescent Crown Distribution, the Cleveland Indians, Mohawk Fine Papers Inc. and the United Way of Greater Knoxville. The company’s solutions are suitable for a number of industries including insurance, financial services, healthcare, real estate, manufacturing, legal, non-profit, education and the public sector.
“The acquisition of docSTAR supports our strategy to strengthen and expand our cloud offerings to continually enhance customer experience and the value we deliver to our customers,” Kathy Crusco, Epicor’s chief operating and financial officer, said in a statement. “docSTAR brings valuable knowledge and experience in the development and implementation of cloud-based document management software, with a successful track record integrating its solutions with leading ERP offerings. A near-term focus following the acquisition will be on extending docSTAR integration to Epicor ERP.”
With the acquisition’s closing, Tom Franceski, former docSTAR president and CEO, will lead the document management business at Epicor as general manager reporting directly to Crusco.