On Tuesday, Epicor Software program introduced that it appointed a new finance chief in the wake of its invest in by personal equity organization Clayton Dubilier & Rice past year.
Samuel Monti, former CFO of Khoros, will be joining Epicor’s govt group as chief financial officer. Monti has far more than 25 a long time of working experience in corporate finance.
At Austin, Texas-primarily based Epicor, a company of business source planning program to the producing and distribution industries, like cloud-based mostly ERP, Monti will be dependable for the management and management of all factors of Epicor’s economical corporation, together with accounting, tax, treasury, economic reporting, and analysis.
“Given Sam’s amazing keep track of report, we know he is the greatest addition to our group to even more accelerate expansion and results on a international scale,” reported Epicor CEO Steve Murphy. “As a seasoned CFO, Sam has working experience successfully foremost and closing advanced acquisitions and enterprise transactions, as nicely as deep operational finance leadership abilities.”
Monti experienced been CFO of Khoros, a client engagement software package organization, since April 2018. The corporation provides software package for on the internet community administration, social media marketing and advertising, and social media analytics. Just before Khoros, Monti was finance main at Mitratech, a compliance answer service provider to company legal professionals. Before in his career, he was a finance director at Rockwell Automation.
“I am unbelievably enthusiastic to join Epicor and its gifted leadership staff,” claimed Monti. “As a extremely regarded company application firm, Epicor is looking at important advancement. I glimpse forward to continuing to establish on the momentum established and including price to the business for both of those personnel as nicely as current and potential shoppers.”
In the press announcement about Monti’s appointment, Epicor underscored his working experience giving financial knowledge vital to organic product sales advancement and major merger, acquisition, and integration assignments. The corporation also mentioned his knowledge in offering “financial direction crucial to rising production capacity improving upon production expense structure and automating handbook processes.”
Monti replaces David Mehok, who invested two-and-a-50 percent years at Epicor. Mehok left immediately after KKR marketed Epicor to CD&R for $4.7 billion, a deal that closed in October 2020. In November, Mehok was named CFO of Q2, a publicly held firm that sells banking-as-a-company products and solutions to money establishments.
The CD&R offer arrived 4 years immediately after KKR acquired Epicor from British private-equity agency Apax Associates for $3.3 billion.
Epicor designed various acquisitions less than KKR, such as data interchange program maker 1 EDI Supply and warehouse-management computer software provider Majure Info.