Epicor Software Names New CFO
On Tuesday, Epicor Application announced that it appointed a new finance main in the wake of its acquire by private equity agency Clayton Dubilier & Rice final year.
Samuel Monti, previous CFO of Khoros, will be joining Epicor’s govt group as main financial officer. Monti has more than twenty five decades of practical experience in corporate finance.
At Austin, Texas-based mostly Epicor, a provider of enterprise source organizing software package to the manufacturing and distribution industries, which includes cloud-based mostly ERP, Monti will be liable for the management and management of all areas of Epicor’s financial firm, which includes accounting, tax, treasury, financial reporting, and analysis.
CFO Samuel Monti
“Given Sam’s spectacular keep track of history, we know he is the ideal addition to our group to even more accelerate expansion and results on a worldwide scale,” explained Epicor CEO Steve Murphy. “As a seasoned CFO, Sam has practical experience correctly foremost and closing complex acquisitions and enterprise transactions, as properly as deep operational finance management know-how.”
Monti had been CFO of Khoros, a buyer engagement software package enterprise, since April 2018. The enterprise presents software package for on the internet community management, social media advertising, and social media analytics. In advance of Khoros, Monti was finance main at Mitratech, a compliance alternative provider to corporate authorized gurus. Previously in his job, he was a finance director at Rockwell Automation.
“I am amazingly enthusiastic to sign up for Epicor and its proficient management group,” explained Monti. “As a extremely regarded enterprise software package enterprise, Epicor is observing important expansion. I glance ahead to continuing to build on the momentum produced and incorporating benefit to the firm for the two employees as properly as current and long term buyers.”
In the push announcement about Monti’s appointment, Epicor underscored his practical experience furnishing financial know-how vital to organic product sales expansion and important merger, acquisition, and integration projects. The enterprise also pointed out his practical experience in giving “financial assistance necessary to growing manufacturing potential enhancing manufacturing cost framework and automating guide processes.”
Monti replaces David Mehok, who expended two-and-a-50 percent decades at Epicor. Mehok left after KKR marketed Epicor to CD&R for $four.seven billion, a deal that shut in Oct 2020. In November, Mehok was named CFO of Q2, a publicly held enterprise that sells banking-as-a-service solutions to financial institutions.
The CD&R deal arrived 4 decades after KKR acquired Epicor from British private-equity agency Apax Companions for $3.3 billion.
Epicor manufactured several acquisitions beneath KKR, which includes facts interchange software package maker one EDI Source and warehouse-management software package provider Majure Data.
