A definitive agreement to acquire Epicor has been finalised, with the company's new parent company investment firm Clayton, Dubilier and Rice (CD-R) completing a transaction valued at an enormous US$4.7 billion. Epicor, a global provider of enterprise software to industrial-focused sectors, delivers cloud-enabled services to more than 20,000 customers worldwide, with its products aimed at enhancing vertical-specific workflows and driving growth in the manufacturing and distribution sectors. Owned by investment firm KKR for the last four years, Epicor has in that time driven growth through its own investments and strategic acquisitions. Driven by several new product releases, Epicor has also achieved 73% recurring revenue, which includes an industry-leading SaaS business growth rate of 60% year-to-date.