M2 Technology Partners, Led By Former Senior Epicor Software Corporation Executives, Launches With Sponsorship From Accel-KKR



    
    Mark Duffell and Michael Piraino to Lead M2 Technology Partners in
    Acquiring Mid-Market Software and Services Businesses
    

    MENLO PARK, Calif., and LAGUNA HILLS, Calif., June 17 /CNW/ -- M2
Technology Partners, LLC ("M2"), a private investment company focused on
domestic and international acquisitions of software and services businesses,
today announced its launch with sponsorship from Accel-KKR, a
technology-focused private equity investment firm.  M2 will focus its efforts
on situations in middle market enterprise software businesses that require
specific operational expertise, or are ready for consolidation.  The
newly-formed company is led by Mark Duffell and Michael Piraino, respectively,
the former President and Chief Operating Officer of Epicor Software
Corporation ("Epicor") (Nasdaq:   EPIC), and the former Executive Vice President
and Chief Financial Officer of Epicor.  Both senior software industry
executives have a long track record of building and successfully operating
enterprise software companies through organic and acquisitions-based growth
strategies.
    Accel-KKR makes majority investments in mid-market technology companies
with a focus on acquisitions and recapitalizations of closely-held private
companies; buyouts of divisions, subsidiaries and business units from larger
enterprises; and going-private transactions of public companies.  The
formation of M2 and the investment made in the new company by Accel-KKR
reflects a commitment to combining Accel-KKR's growth-oriented philosophy with
strong operating professionals who have specific domain expertise in
technology.  In addition to leading M2, Messrs. Duffell and Piraino will serve
as advisors to Accel-KKR and be members of its Operating Advisory Committee.
    Mark Duffell, formerly president and chief operating officer at Epicor,
was responsible for the company's worldwide operations (2,600 employees),
headed the strategic planning committee and was the chief architect of
successfully integrating numerous acquisitions, including Scala Business
Solutions, CRS Retail Systems (a prior Accel-KKR investment) and NSB Retail
Systems.  Mr. Duffell brings extensive domestic and international operational
business experience to the partnership.
    Michael Piraino, formerly executive vice president and chief financial
officer at Epicor, was responsible for the company's worldwide accounting and
finance, treasury, tax, information services, investor relations, legal and
human resources.  While at Epicor, Mr. Piraino was a member of the strategic
planning committee, led due diligence activities and negotiated all
acquisitions playing a significant role in the Scala Business Solutions, CRS
Retail Systems and NSB Retail Systems acquisitions.  He also completed a $230
million convertible note offering and a $250 million bank facility during his
tenure.
    Tom Barnds, Accel-KKR Managing Director, said, "We are extremely pleased
to be joining forces with Mark and Michael.  We have known them both for a
number of years and we have great respect for their abilities."  Ben Bisconti,
Accel-KKR Managing Director, added, "They have a strong demonstrated track
record of acquiring, operating and growing world class enterprise software
businesses and we look forward to partnering with them on building M2."
    Mark Duffell, M2 Technology Partners Co-Founder and CEO said, "The
opportunity to work with the talented team at Accel-KKR who bring their
network of contacts, financing capability and knowledge in the mid-market
technology industry is very exciting to both Michael Piraino and myself.  The
blend of the core competencies of Accel-KKR and M2 creates a powerful
acquisition vehicle in the mid-market enterprise software and services sector,
a space where there continues to be strong potential for value creation."
    Details of Accel-KKR's investment in M2 Technology Partners were not
disclosed.
    
    About Accel-KKR
    
    Accel-KKR is a technology-focused private equity firm that invests
primarily in technology businesses with $15 million to $150 million in revenue
that are well positioned for top-line and bottom-line growth. At the core of
Accel-KKR's investment strategy is a commitment to developing strong
partnerships with the management teams of its portfolio companies and a focus
on building value through the contribution of unique financial, strategic,
technical, and operational resources.  Accel-KKR has a particular focus on the
following transactions: Recapitalizations of family-owned or closely-held
private companies, divisional buyouts of larger companies, and going-private
transactions. For more information, please visit www.accel-kkr.com.
    
    About M2 Technology Partners
    
    M2 is technology-focused firm formed to acquire mid-market enterprise
software and service businesses requiring specific operational expertise or
are ready for consolidation.  For more information, visit
www.m2technologypartners.com.

    
    Business Inquiries                     Media Inquiries
    Michael Piraino                        Joseph Kuo
    Co-Founder & CFO                       Kekst and Company
    M2 Technology Partners, LLC            212.521.4863
    949.460.6491                           joe-kuo@kekst.com
    michael@m2technologypartners.com
    




For further information:

For further information: Business Inquiries, Michael Piraino, Co-Founder
&  CFO, M2 Technology Partners, LLC, +1-949-460-6491, 
michael@m2technologypartners.com; or Media Inquiries, Joseph Kuo, Kekst and 
Company, +1-212-521-4863 Web Site: http://www.m2technologypartners.com       
          http://www.accel-kkr.com

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M2 TECHNOLOGY PARTNERS, LLC

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ACCEL-KKR

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