Epicor has acquired two companies in recent months as it rounds out its strategy to infuse artificial intelligence across its ERP platform.
The company, which recently passed the $1 billion mark in annual recurring revenue, on Wednesday announced the acquisition of KYKLO, which provides product information management and lead-gen tools for manufacturers and distributors.
Epicor CEO Steve Murphy said the purchase is part of the company's AI-driven cognitive ERP vision that aims to turn systems of record into an insights engine.
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KYKLO will complement Epicor's Commerce software with product information, real-time catalogs and content syndication.
The KYKLO acquisition follows last month's purchase of Smart Software, which provides cloud inventory planning and optimization applications. Smart Software was already a Epicor independent software vendor partner and integrated into multiple Epicor ERP modules.
At Epicor's Insights 2024 user conference last month, the company launched its Epicor Grow portfolio, which includes AI and business intelligence tools aimed at the supply chain.
Epicor Grow includes generative AI, machine learning, analytics and natural language processing for more than 200 industry use cases.
The Epicor Grow portfolio includes, Epicor Prism, which is a genAI service across Epicor Industry ERP Cloud, and Epicor Grow AI, which surfaces insights across industries. Arturo Buzzalino, VP of Products and Innovation at Epicor, said Prism is the company's first LLM pipeline.
Epicor also launched Epicor Grow Inventory Forecasting, which leverages forecasting engines from Smart Software, Epicor FP&A and Epicor Grow BI.
The company also launched Epicor Grow Data Platform to manage enterprise data, create pipelines and leverage business intelligence.
