Epicor Software is one of those companies that, in hindsight, we probably haven’t covered often enough—we certainly don’t play favorites around here, but it’s not always clear why some firms make it onto the radar screen more often than others do.

Yesterday, though, Epicor publicly—and, to be honest, a little coldly—confirmed receipt of a $9.50-per-share offer from Elliott Associates, a roughly 20 percent premium over its previous closing price. So I’m reminded that there’s a massive, healthy, robust CRM industry out there, and we have to be vigilant in keeping tabs on it.

Irvine, Calif.–based Epicor has certainly paid its dues—founded in 1984, it’s been around longer than the CRM industry itself. (Click here to download the PDF of Epicor’s Fact Sheet from the company Web site.) According to the company’s press materials, Epicor was named one of Fortune magazine’s 100 Fastest-Growing Companies in 2006, and serves over 20,000 customers in more than 140 countries—but it isn’t simply a CRM provider; in fact, Epicor boasts of its “integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and professional service automation (PSA) software solutions,” and there’s no immediate sign of what share of its customer base is utilizing CRM.

But where has it been hiding? Eight years ago, for example, our longtime friend Chris Selland (who was at Yankee Group at the time) was quoted in our magazine [before my time; I'm just accessing archives] as saying that Epicor was one of the best-kept secrets in the CRM industry: “If it can get its marketing act together, the company has a great integrated front/back office offering for the mid-market and could finally present a real challenge to Pivotal and Onyx.” [More after the break.]

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