Look at the activity of HighJump Software (the former Accellos) which has a majority investment made by Accel-KKR. Of course, on the other side we have the firm that owns Epicor Software that reportedly wants out. Other financial software companies or product lines that have drawn private equity investments or outright purchases include Deltek, JobOps, Abila (the former Sage Nonprofit Solutions), SwiftPage (Act and SalesLogix), Jeeves Information Systems and OnCenter Software. Accel-KKR was also involved with Abila, SwiftPage and OnCenter. And remember the newest Sage Group CFO is a private equity guy. Why all this interest? Standalone publicly held ERP companies have not been a growth market. Would you trust anyone that recommended this as a sector for you to invest in? Private equity folks can buy, build resell, cut apart, and as one observer suggested with Epicor, load up on debt. And Accel-KKR, in particular, has bought good products that have been neglected. A refresher on the Exact product line: in this country it markets three manufacturing lines--Macola, JobBoss and Max. It also has the Synergy CRM package and has introduced Exact Online in this country and throughout much of its market.