Tuesday, October 08, 2013

Qureshi out at Epicor, Graveyard veteran takes over

After claiming to have shepherded the combined Activant-Epicor over the $1 billion yard line (has anyone seen this verified anywhere?), CEO Pervez Qureshi is "stepping down to pursue new opportunities," according to the company.  Here's the dynamic young upstart who's going to provide transformational leadership for the next decade at Epicor:

Just kidding!  That's Joseph L. Cowan, who, as the Epicor PR notes, most recently "served as President and CEO of Online Resources, a leading provider of online banking and full-service payment solutions, until its acquisition by ACI Worldwide in March 2013. Previously, he served as CEO of Interwoven, Inc., a global leader in content management software, until its acquisition by Autonomy Corporation plc in 2009."

Here are some other places where he's "served as CEO...until its acquisition" by somebody:
  • Manugistics
  • EXE Technologies
  • Invensys
  • Wonderware
Anyone want to guess what his marching orders from his private equity overlords are?  I'm guessing the following "invite" went out in the past 24 hours:

Join my network on LinkedIn

To: Charles Phillips, CEO Infor
Date: October 8, 2013
I'd like to add you to my professional network.

- Joseph L. Cowan


  1. Update: P.J. Jakovljevic over at TEC has some good background on Qureshi, and wonders out loud what's going on in the Epicor boardroom...

  2. I fear you might be right. Too bad, Querishi made a lot of progress for the company and got, not only the employees, but the customers excited to be working with them.
    I surely don't know what Infor's next move will be, but I wonder why they would need another dozen ERPs. However, the customers who run their businesses everyone day on this, I hope will not be forgotten.