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Epicor Software has acquired Smart Software, which makes inventory planning and optimization applications.

Terms were not disclosed. An Epicor ISV, its products already integrate with Epicor’s software. According to Epicor, Smart’s software “leverages patented, probabilistic AI and machine learning models to deliver superior forecasting and what if analysis.” Models run thousands of simulations of outcomes, which are designed to “deliver precise predictions and avoid unrealistic assumptions, enabling users to better predict demand, stockout risks, and costs.” In February, Smart entered a strategic alliance with Sage, which integrates Smart’s products with cloud and on-premise versions of Sage X3, Sage 100 and 300. It also has integrations with Acumatica, Dynamics AX, BC, GP, F&SC, NetSuite and Oracle, JD Edwards and PeopleSoft,,

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