Epicor Buys Human Resources Software Firm

Irvine-based Epicor said Monday that it is buying a maker of human resources software, SPECTRUM Human Resource Systems Corporation. Epicor said it is paying approximately $16M in cash for Spectrum, which is based in Denver, Colorado. Epicor said that Spectrum has approximately 100 employees, over 430 direct customers, and another 1800 customers via OEM relationships. The firm also revealed that Spectrum has projected full-year 2010 revenues of approximately $14M.