Epicor Software initiated with "hold"

10/11/07 - Lazard Capital Markets

NEW YORK, October 11 (newratings.com) - Analysts at Lazard Capital initiate coverage of Epicor Software Corporation (EPIC) with a "hold" rating.

In a research note published this morning, the analysts mention that the company is poised for success as a leader in the mid-market Enterprise Resource Planning (ERP) software market. With Epicor Software's focus on opportunities in the mid-market and the international market, the company is expected to achieve a revenue CAGR of 10%-12% going forward, the analysts say. The launch of Epicor 9 in 1H08 is expected to offer the company substantial growth opportunities, Lazard Capital adds.