Exhibit 99.1

News Release

FOR IMMEDIATE RELEASE

Contact:	Damon Wright
	Vice President, Investor Relations
	Epicor Software Corporation
	949/585-4509
	dswright@epicor.com

Epicor^® Reports 2010 Second Quarter Results

IRVINE, Calif. — July 29, 2010 — Epicor Software Corporation (NASDAQ: EPIC), a leading provider of enterprise business software solutions for the midmarket and divisions of Global 1000 companies, today reported financial results for its second quarter ended June 30, 2010. All results should be considered preliminary pending the Company’s filing of its quarterly report on Form 10-Q.

Epicor chairman, president and CEO George Klaus commented, “The 2010 second quarter was another solid quarter for Epicor with all revenue lines and non-GAAP¹ net income growing over the 2009 second quarter. The momentum we are seeing behind Epicor 9 continues and helped drive software license revenue growth of more than 9% over the second quarter of 2009 and free cash flow² of $11.2 million. Our consulting arm is doing an excellent job with implementations and we now have more than 200 customers running their businesses on Epicor 9, with more than 140 others scheduled to go live throughout the balance of the year. Epicor’s software solutions are making a difference for our customers as evidenced by strong maintenance retention rates, which were 94% for the fourth quarter in a row. We continue to strengthen our competitive position, which we believe is enabling us to take market share throughout the world, and our continued investment in Epicor 9 is paying dividends in sales momentum and customer satisfaction.”

Total revenue for the 2010 second quarter was up 9% to $109.2 million, when compared to 2009 second quarter revenue of $100.4 million. The 2010 second quarter GAAP net loss was $1.0 million, or loss of $0.02 per share, compared to a GAAP net loss of $6.7 million, or loss of $0.11 per diluted share in the 2009 second quarter.

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Non-GAAP net income for the 2010 second quarter was up 14% to $7.7 million, or $0.13 per diluted share, compared to non-GAAP net income of $6.7 million, or $0.11 per diluted share in the 2009 second quarter.

2010 Second Quarter Revenue by Segment: 2010 second quarter license revenue was $19.2 million, up more than 9% when compared to 2009 second quarter license revenue of $17.5 million. 2010 second quarter maintenance revenue was up modestly to $47.5 million when compared to 2009 second quarter maintenance revenue of $47.3 million. Consulting revenue grew 7% to $34.3 million in the 2010 second quarter, versus 2009 second quarter consulting revenue of $32.1 million. Hardware and other revenue for the 2010 second quarter was $8.2 million, up more than 130% when compared to hardware and other revenue of $3.5 million in the prior year’s second quarter.

Balance Sheet Summary: The Company’s balance sheet at June 30, 2010, included cash and cash equivalents of $109.4 million. The balance sheet benefited from free cash flow of $11.2 million during the 2010 second quarter, which also enabled the Company to make a discretionary $5.0 million payment to reduce the outstanding balance on its credit facility during the 2010 second quarter. The Company’s total outstanding debt as of June 30, 2010, consists primarily $230 million in aggregate principal amount of the Company’s 2.375% senior convertible notes (less a debt discount of $38.0 million) and $62.5 million in aggregate principal amount under the Company’s credit facility, currently bearing an interest rate of LIBOR plus 4.0%.

At the end of the 2010 second quarter, net accounts receivable was approximately $85.4 million. The Company had solid cash collections of approximately $117.0 million during the 2010 second quarter. Days sales outstanding (DSOs) in the 2010 second quarter were 71, down when compared to 76 in the first quarter of 2010. Total deferred revenue at the end of the 2010 second quarter was $99.4 million.

Business Outlook: For Epicor’s 2010 third quarter, total revenue is expected to be $106 to $108 million, with non-GAAP earnings per diluted share³ for the 2010 third quarter expected to be $0.13 to $0.15.

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Earnings Conference Call

The Company will hold an investor and analyst conference call today at 5:00 p.m. Eastern Time/2:00 p.m. Pacific Time.

What:	Epicor 2010 Second Quarter Earnings Conference Call
When:	Thursday, July 29, 2010
Time:	2:00 p.m. PT
Dial in:	+1 (800) 357-9448; or outside the U.S. +1 (719) 867-0354
Conf ID:	Epicor 2010 second Quarter Earnings Call
Webcast:	http://ir.epicor.com

On the call, chairman, president and CEO George Klaus and executive vice president and CFO Michael Pietrini will review 2010 second quarter earnings. Investors and analysts are invited to participate on the call. Please dial in approximately ten minutes prior to start time. A live audio-only webcast of the call will be made available to the public on the Company’s Web site at http://ir.epicor.com and will be archived for thirty days following the call on the Company’s Web site.

¹ Please see the reconciliations to GAAP measures provided at the end of this press release as well as the information provided below under the heading “Non-GAAP Financial Measures.”

² Free cash flow is a non-GAAP measure. The Company calculates free cash flow as adjusted EBITDA (also a non-GAAP measure), plus stock-based compensation, less capital expenditures, cash paid for income taxes and net interest. Please refer to the reconciliation of adjusted EBITDA and free cash flow, as well as the information provided below under the heading “Non-GAAP Financial Measures.”

³ The Company’s 2010 third quarter non-GAAP earnings per diluted share guidance excludes current expectations for third quarter amortization of intangible assets of approximately $7.0 million, third quarter stock-based compensation expense of approximately $3.6 million and approximately $2.1 million in non-cash interest expense for the third quarter related to amortization of debt discount. 2010 third quarter non-GAAP earnings per share expectations assume a weighted average share count of 60 million shares.

About Epicor Software Corporation

Epicor Software is a global leader delivering business software solutions to the manufacturing, distribution, retail, hospitality and services industries. With 20,000 customers in over 150 countries, Epicor provides integrated enterprise resource planning (ERP), customer relationship management (CRM), supply chain management (SCM) and enterprise retail software solutions that enable companies to drive increased efficiency and improve profitability. Founded in 1984, Epicor takes pride in more than 25 years of technology innovation delivering business solutions that provide the scalability and flexibility businesses need to build competitive advantage. Epicor provides a comprehensive range of services with a single point of accountability that promotes rapid return on investment and low total cost of ownership, whether operating business on a local, regional or global scale. The Company’s worldwide headquarters are located in Irvine, California with offices and affiliates around the world. For more information, visit www.epicor.com.

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Epicor is a registered trademark of Epicor Software Corporation. Other trademarks referenced are the property of their respective owners. The product and service offerings depicted in this document are produced by Epicor Software Corporation.

Forward-Looking Statements

This press release contains certain statements which constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements regarding expected revenues (including growth rates), earnings and earnings per share (including on a non-GAAP basis), non-GAAP free cash flow, the Company’s products, market share, business model, sales pipelines and opportunities, competitive advantage and other statements that are not historical fact. These forward-looking statements are based on currently available competitive, financial and economic data together with management’s views and assumptions regarding future events and business performance as of the time the statements are made and are subject to risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements.

Such risks and uncertainties include, but are not limited to, changes in the demand for enterprise resource planning products, particularly in light of competitive offerings; the timely availability and market acceptance of new products and upgrades, including Epicor 9; the impact of competitive products and pricing; the discovery of undetected software errors; changes in the financial condition of Epicor’s major commercial customers and Epicor’s future ability to continue to develop and expand its product and service offerings to address emerging business demand and technological trends; and other factors discussed in Epicor’s annual report on Form 10-K for the year ended December 31, 2009 and other reports Epicor files with the SEC. As a result of these factors the business or prospects expected by the Company as part of this announcement may not occur. Epicor undertakes no obligation to revise or update publicly any forward-looking statements.

Non-GAAP Financial Measures

This press release contains non-GAAP financial measures. In evaluating the Company’s performance, management uses certain non-GAAP financial measures to supplement consolidated financial statements prepared under GAAP.

Non-GAAP Earnings Measure. The Company uses non-GAAP earnings measures, non-GAAP net income, adjusted EBITDA, EBITDA margins and free cash flow in this press release. Management believes these non-GAAP measures help indicate the Company’s baseline performance before gains, losses or charges that are considered by management to be outside on-going operating results. Accordingly, management uses these non-GAAP measures to gain a better understanding of the Company’s comparative operating performance from period-to-period and as a basis for planning and forecasting future periods. Management believes these non-GAAP measures, when read in conjunction with the Company’s GAAP financials, provides useful information to investors by offering:

• the ability to make more meaningful period-to-period comparisons of the Company’s on-going operating results;

• the ability to better identify trends in the Company’s underlying business and perform related trend analysis;

• a better understanding of how management plans and measures the Company’s underlying business; and,

• an easier way to compare the Company’s most recent results of operations against investor and analyst financial models.

The non-GAAP financial measures for 2009 and 2010 used by the Company are defined to include deferred revenues from NSB that were adjusted to fair value as required by purchase accounting in accordance with GAAP reporting, and to exclude amortization of intangible assets, stock-based compensation expense, amortization of long-term debt discount from the Company’s May 2007 convertible note offering, the write-off of debt issuance fees, a Venezuela currency devaluation, and restructuring and other, which include costs associated with workforce reductions, and other charges. The

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non-GAAP financial measures for 2009 and 2010 used by the Company are also defined to reflect income taxes at a 38% tax rate.

Management believes that the expense associated with the amortization of acquisition-related intangible assets is appropriate to be excluded because a significant portion of the purchase price for acquisitions may be allocated to intangible assets that have short lives and exclusion of the amortization expense allows comparisons of operating results that are consistent over time for both the Company’s newly acquired and long-held businesses. Management also believes that the exclusion of stock-based compensation allows for more accurate comparisons of our operating results to our peer companies because of varying available valuation methodologies, subjective assumptions and the variety of award types which effect the calculations of stock-based compensation. Management believes it is appropriate to exclude the Venezuela currency devaluation charge, the write-off of debt issuance fees, the amortization of long-term debt discount from the Company’s May 2007 convertible note offering, as well as restructuring and other charges, which included costs associated with the integration of NSB into Epicor and costs associated with workforce reductions, because these charges are not related to the Company’s ongoing business operations and it allows for more accurate comparisons of our operating results to our peer companies. Finally, management believes that using a 38% tax rate is appropriate because it allows comparisons of our operating results that are more consistent with prior periods presented, as well as more accurate comparisons of our operating results to our peer companies.

General. These non-GAAP measures have limitations, however, because they do not include all items of income and expense that impact the Company’s operations. Management compensates for these limitations by also considering the Company’s GAAP results. The non-GAAP financial measures the Company uses are not prepared in accordance with, and should not be considered an alternative to, measurements required by GAAP, such as operating income, net income and income per share, and should not be considered measures of the Company’s liquidity. The presentation of this additional information is not meant to be considered in isolation or as a substitute for the most directly comparable GAAP measures. In addition, these non-GAAP financial measures may not be comparable to similar measures reported by other companies.

- TABLES FOLLOW –

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EPICOR SOFTWARE CORPORATION

PRELIMINARY CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

	June 30, 2010			December 31, 2009
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	109,373		$	106,861
Accounts receivable, net		85,357			90,011
Deferred income taxes		24,942			11,572
Inventory, net		3,033			1,819
Prepaid expenses and other current assets		18,161			13,976
Total current assets		240,866			224,239
Property and equipment, net		26,878			28,511
Deferred income taxes		21,425			21,867
Intangible assets, net		69,690			84,107
Goodwill		367,826			368,336
Other assets		9,974			10,990
Total assets	$	736,659		$	738,050
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	16,504		$	13,966
Accrued expenses		39,699			46,754
Current portion of long-term debt		214			202
Current portion of accrued restructuring costs		1,631			1,694
Current portion of deferred revenue		99,079			96,040
Total current liabilities		157,127			158,656
Long-term debt, less current portion		254,607			255,535
Accrued restructuring costs		5,035			4,423
Deferred revenue		368			392
Deferred income taxes and other income taxes		14,594			15,172
Other long-term liabilities		3,131			3,785
Total long-term liabilities		277,735			279,307
Stockholders’ equity:
Common stock		66			63
Additional paid-in capital		431,346			422,460
Less: treasury stock at cost		(23,298	)		(20,670	)
Accumulated other comprehensive loss		(8,331	)		(4,825	)
Accumulated deficit		(97,986	)		(96,941	)
Total stockholders’ equity		301,797			300,087
Total liabilities and stockholders’ equity	$	736,659		$	738,050

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EPICOR SOFTWARE CORPORATION

PRELIMINARY CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share amounts)

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2010			2009			2010			2009
Revenues:
License fees	$	19,160		$	17,533		$	35,396		$	30,710
Consulting		34,344			32,061			65,433			63,512
Maintenance		47,503			47,340			95,463			94,206
Hardware and other		8,158			3,513			12,154			10,711
Total revenues		109,165			100,447			208,446			199,139
Cost of revenues		51,638			44,009			96,422			90,192
Amortization of intangible assets		7,051			8,221			14,108			16,626
Total cost of revenues		58,689			52,230			110,530			106,818
Gross profit		50,476			48,217			97,916			92,321
Operating expenses:
Sales and marketing		20,595			18,151			41,729			36,241
Software development		13,656			12,432			27,535			24,838
General and administrative		11,940			14,033			24,155			28,224
Restructuring and other		2,626			(204	)		2,671			1,207
Total operating expenses		48,817			44,412			96,090			90,510
Income from operations		1,659			3,805			1,826			1,811
Interest expense		(5,003	)		(4,877	)		(9,960	)		(10,870	)
Interest and other income (expense), net		14			(65	)		(1,292	)		(231	)
Loss before income taxes		(3,330	)		(1,137	)		(9,426	)		(9,290	)
Income tax provision (benefit)		(2,318	)		5,543			(8,382	)		(982	)
Net loss	$	(1,012	)	$	(6,680	)	$	(1,044	)	$	(8,308	)
Net loss per share:
Basic	$	(0.02	)	$	(0.11	)	$	(0.02	)	$	(0.14	)
Diluted	$	(0.02	)	$	(0.11	)	$	(0.02	)	$	(0.14	)
Weighted average common shares outstanding:
Basic		58,990			59,486			58,813			59,237
Diluted		58,990			59,486			58,813			59,237

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EPICOR SOFTWARE CORPORATION

PRELIMINARY NON-GAAP NET INCOME RECONCILIATION

(in thousands, except per share amounts)

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2010			2009			2010			2009
Loss before income taxes	$	(3,330	)	$	(1,137	)	$	(9,426	)	$	(9,290	)
Add back:
Amortization of intangible assets		7,051			8,221			14,108			16,626
Stock-based compensation expense		3,461			1,644			7,740			4,062
Amortization of long-term debt discount		2,105			1,959			4,172			3,882
Restructuring and other		2,626			(204	)		2,671			1,207
Venezuela currency devaluation		—			—			1,315			—
Debt issuance fees write off		—			—			—			924
Deferred revenue fair value adjustment		—			—			—			432
Other		(138	)		—			(138	)		—
Non-GAAP income before income taxes		11,775			10,483			20,442			17,843
Non-GAAP provision for income taxes 1		(4,104	)		(3,769	)		(7,052	)		(6,460	)
Non-GAAP net income	$	7,671		$	6,714		$	13,390		$	11,383
Non-GAAP net income per diluted share	$	0.13		$	0.11		$	0.22		$	0.19
Weighted average common shares outstanding:
Diluted		59,563			60,102			59,536			59,773

¹ The Company utilizes a 38% tax rate for the calculation of the non-GAAP provision for income taxes for comparison purposes with other periods. The non-GAAP effective income tax rates reflected above differ from 38% due to certain non-deductible non-GAAP add backs.

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EPICOR SOFTWARE CORPORATION

PRELIMINARY NET INCOME TO ADJUSTED EBITDA RECONCILIATION

(dollars in thousands)

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2010			2009			2010			2009
Total revenues	$	109,165		$	100,447		$	208,446		$	199,139
Net loss	$	(1,012	)	$	(6,680	)	$	(1,044	)	$	(8,308	)
Income tax provision (benefit)		(2,318	)		5,543			(8,382	)		(982	)
Interest expense		5,003			4,877			9,960			10,870
Amortization of intangible assets		7,051			8,221			14,108			16,626
Depreciation		1,822			2,035			3,686			4,119
Restructuring and other		2,626			(204	)		2,671			1,207
Venezuela currency devaluation		—			—			1,315			—
Deferred revenue fair value adjustment		—			—			—			432
Interest and other (income) expense, net		(14	)		65			(23	)		231
Adjusted EBITDA	$	13,158		$	13,857		$	22,291		$	24,195
Adjusted EBITDA percent of total revenues		12.1	%		13.8	%		10.7	%		12.1	%

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EPICOR SOFTWARE CORPORATION

PRELIMINARY FREE CASH FLOW RECONCILIATION

(in thousands)

(Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2010			2009			2010			2009
Net loss	$	(1,012	)	$	(6,680	)	$	(1,044	)	$	(8,308	)
Income tax provision (benefit)		(2,318	)		5,543			(8,382	)		(982	)
Interest expense		5,003			4,877			9,960			10,870
Amortization of intangible assets		7,051			8,221			14,108			16,626
Depreciation		1,822			2,035			3,686			4,119
Restructuring and other		2,626			(204	)		2,671			1,207
Venezuela currency devaluation		—			—			1,315			—
Deferred revenue fair value adjustment		—			—			—			432
Interest and other (income) expense, net		(14	)		65			(23	)		231
Adjusted EBITDA	$	13,158		$	13,857		$	22,291		$	24,195
Adjusted EBITDA	$	13,158		$	13,857		$	22,291		$	24,195
Non-cash stock-based compensation		3,461			1,644			7,740			4,062
Capital expenditures		(1,367	)		(1,258	)		(2,207	)		(2,039	)
Cash paid for taxes		(1,304	)		(973	)		(2,370	)		(1,912	)
Net interest		(2,764	)		(2,687	)		(5,490	)		(6,487	)
Free cash flow	$	11,184		$	10,583		$	19,964		$	17,819

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