Steve Murphy
- CEO at Epicor
GetLatka interview
How Epicor Built a $250M Cloud Business Growing 30 to 40% a Year (Interview with CEO Steve Murphy)
Steve Murphy (CEO of Epicor) spoke to Nathan Latka on March 3, 2021.
Epicor figures from the interview
- Cloud (SaaS) Business (2021)
- $250M
- Team Size (2021)
- 4,000 employees
- Year Founded
- 1971
“It's been in business since 1971. We're almost 50 years old, and we've grown a lot in the last few years, but we generally have stuck to supporting manufacturing, distribution, warehousing, things like that, which has become a pretty hot business in the last few years, surprisingly.”
“We've built that business into about a $250,000,000. We'll be about a billion dollar top line business this year, and between a quarter and a third of that now is the cloud. And that's been a lot of work, but that's the transition we've worked our way through.”
“Four years ago in a given quarter, we would book 90% on prem, 10% SaaS or less. In the most recent quarter, it was a sixty-forty split, a flip flop. So 60% SaaS, 40% on prem. So we have crossed the Rubicon. We do book more SaaS than on prem, and that did take the full four years to get to that point.”
Bio
Steve Murphy joined Epicor Software Corporation as Chief Executive Officer in October 2017, bringing over 20 years of technology industry executive management experience to the role. As CEO, Murphy is responsible for providing a long-term strategic vision for the company with a focus on customer experience and delivering innovative products, services and support that drive business growth.