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Bought by WHOM?

Posted on Thursday, Aug 4th 2005

Epiphany has been acquired. Finally. By a rather large, little-known Chicago company called SSA (Nasdaq: SSAG). Now, who is SSA?

Here are some financial data:

Market Cap: $916 Million

                                                2004        2003           2002       2001
Annual Sales ($ mil.)                     636        296          160      136
Annual Net Income ($ mil.)            18           52           1         (41)

And here is some History:

Roger Covey founded System Software Associates (SSA) in 1981. Offering products for IBM’s AS/400 computers, SSA went public in 1987.

In 1995 the company bought Softwright, a provider of business object technology and systems in Europe. In 2000 an investment group headed by Gores Technology bought SSA.

In 2002 the company acquired Computer Associates’ interBiz product line, which includes applications for supply chain and human resources management. Later that year SSA also acquired Infinium Software for about $100 million.

In 2003 General Atlantic Partners invested $75 million in the company, joining majority-investor Cerberus Capital Management. Also that year SSA embarked on a string of acquisitions, purchasing Ironside Technologies, Elevon, Baan, and EXE Technologies.

So if you are wondering how all that growth happened between 2001 and 2004, the explanation is in the acquisitions, and it looks like Epiphany joins along in that stream.

The belle has finally been asked to dance!

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