Eclipsys acquires EPSi for $53M
R. Andrew Eckert, the Atlanta-based Eclipsys president and CEO, said the “acquisition of EPSi reinforces our commitment to the financial decision support space."
Eclipsys said the addition of the St. Louis-based EPSi product suite will accelerate its timeline for delivering Microsoft’s SQL-based business decision support solution.
After the acquisition closed on Feb. 25, Eclipsys gained all of the issued and outstanding capital stock of EPSi from its former stockholders for a purchase price of approximately $53 million payable in cash at closing. The purchase is subject to certain holdback arrangements and working capital adjustments.