Exhibit 99.1

Epicor Software Corporation

Reconciliation of Net Loss to Adjusted EBITDA


	Twelve Months Ended
(Unaudited, in thousands)	March 31, 2015			September 30, 2014			September 30, 2013
Net loss	$	(11,319	)	$	(20,849	)	$	(31,958	)
Acquisition-related costs		9,364			8,780			8,561
Deferred revenue and other purchase accounting adjustments		708			590			6,341

Adjusted net loss		(1,247	)		(11,479	)		(17,056	)
Interest expense		84,799			87,108			92,669
Income tax benefit		(14,033	)		(5,037	)		(13,177	)
Depreciation and amortization		186,229			183,131			160,865
Non-cash charges (share-based compensation expense)		6,569			7,878			4,773
Management fees paid to Apax		2,071			2,033			1,995
Restructuring costs		11,656			3,896			4,890
Other expense and one-time related items		8,744			4,066			11,875

Adjusted EBITDA	$	284,788		$	271,596		$	246,834

Epicor Software Corporation

Retail Solutions Group Non-GAAP Standalone Adjusted EBITDA Reconciliation

For the twelve months September 30, 2013

(Unaudited, in thousands)


	GAAP			NonGAAP
	Epicor Software Corporation			Adjustments			Epicor Software Corporation		RemainCo		Retail Solutions Group
Software license	$	141,522		$	771		$	142,293	$	127,386	$	14,907
Software and cloud subscriptions		81,552			12			81,564		73,736		7,828
Software support		414,850			4,400			419,250		378,169		41,081

Total software & software related services		637,924			5,183			643,107		579,291		63,816

Professional services		234,604			733			235,337		185,258		50,079

Hardware and other		89,203			414			89,617		60,866		28,751

Total revenues		961,731			6,330			968,061		825,415		142,646

Cost of software & software related services		144,748			(111	)		144,637		129,887		14,750
Cost of professional services		180,129			(449	)		179,680		147,459		32,221
Cost of hardware and other		69,619			(42	)		69,577		46,494		23,083
Sales and marketing		165,240			(2,454	)		162,786		151,191		11,595
Product development		102,573			(1,168	)		101,405		83,785		17,620
General & administrative		76,580			(13,502	)		63,078		63,580		(502	)
Depreciation and amortization		160,865			(160,865	)		—		—		—
Acquisition-related costs		8,561			(8,561	)		—		—		—
Restructuring costs		4,890			(4,890	)		—		—		—

Total operating expenses		913,205			(192,042	)		721,163		622,396		98,767

Operating income		48,526			198,372			246,898		203,019		43,879
Acquisition run rate adjustments		—			—			—		—		(1,847	)
Run rate savings adjustments		—			—			—		—		1,772
Diligence adjustments		—			—			—		—		(30	)
Other adjustments		—			—			—		—		(109	)
Standalone costs		—			—			—		—		(7,531	)
Interest expense		92,669			(92,669	)		—		—		—
Other (income)/expense, net		992			(928	)		64		—		—

Loss before income taxes		(45,135	)	$	291,969			246,834		—		—

Income tax benefit		(13,177	)					—		—		—

Net loss	$	(31,958	)					—		—		—

Pro forma Standalone adjusted EBITDA							$	246,834		—	$	36,134

Epicor Software Corporation

Retail Solutions Group Non-GAAP Standalone Adjusted EBITDA Reconciliation

For the twelve months September 30, 2014

(Unaudited, in thousands)


	GAAP			NonGAAP
	Epicor Software Corporation			Adjustments			Epicor Software Corporation		RemainCo		Retail Solutions Group
Software license	$	152,891		$	—		$	152,891	$	139,540	$	13,351
Software and cloud subscriptions		87,591			—			87,591		78,645		8,946
Software support		432,249			147			432,396		390,331		42,065

Total software & software related services		672,731			147			672,878		608,516		64,362

Professional services		233,390			273			233,663		188,320		45,343

Hardware and other		88,835			215			89,050		64,654		24,396

Total revenues		994,956			635			995,591		861,490		134,101

Cost of software & software related services		147,709			(86	)		147,623		133,368		14,255
Cost of professional services		177,974			(140	)		177,834		146,710		31,124
Cost of hardware and other		65,501			(59	)		65,442		46,518		18,924
Sales and marketing		170,667			(2,648	)		168,019		155,400		12,619
Product development		104,696			(1,305	)		103,391		85,455		17,936
General & administrative		70,469			(8,895	)		61,574		62,183		(609	)
Depreciation and amortization		183,131			(183,131	)		—		—		—
RSG reallocation of expenses		—			—			—		1,389		(1,389	)
Acquisition-related costs		8,780			(8,780	)		—		—		—
Restructuring costs		3,896			(3,896	)		—		—		—

Total operating expenses		932,823			(208,940	)		723,883		631,023		92,860

Operating income		62,133			209,575			271,708		230,467		41,241

Acquisition run rate adjustments		—			—			—		—		925
Run rate savings adjustments		—			—			—		—		1,772
Diligence adjustments		—			—			—		—		(1,459	)
Other adjustments		—			—			—		—		(193	)
Standalone costs		—			—			—		—		(7,133	)
Interest expense		87,108			(87,108	)		—		—		—
Other (income)/expense, net		911			(799	)		112		—		—

Loss before income taxes		(25,886	)	$	297,482			271,596		—		—

Income tax benefit		(5,037	)					—		—		—

Net loss	$	(20,849	)					—		—		—

Pro forma Standalone adjusted EBITDA							$	271,596		—	$	35,153

Epicor Software Corporation

Retail Solutions Group Non-GAAP Standalone Adjusted EBITDA Reconciliation

For the last twelve months March 31, 2015

(Unaudited, in thousands)


	GAAP			NonGAAP
	Epicor Software Corporation			Adjustments			Epicor Software Corporation		RemainCo		Retail Solutions Group
Software license	$	147,335		$	92		$	147,427	$	131,464	$	15,963
Software and cloud subscriptions		92,924			53			92,977		82,476		10,501
Software support		434,746			167			434,913		392,706		42,207

Total software & software related services		675,005			312			675,317		606,646		68,671

Professional services		235,185			257			235,442		187,498		47,944

Hardware and other		82,678			—			82,678		59,857		22,821

Total revenues		992,868			569			993,437		854,001		139,436

Cost of software & software related services		147,683			(185	)		147,498		131,592		15,906
Cost of professional services		176,814			(338	)		176,476		144,128		32,348
Cost of hardware and other		60,751			(35	)		60,716		42,689		18,027
Sales and marketing		168,510			(2,279	)		166,231		152,100		14,131
Product development		99,354			(2,012	)		97,342		79,310		18,032
General & administrative		70,634			(10,363	)		60,271		60,512		(241	)
Depreciation and amortization		186,229			(186,229	)		—		—		—
RSG reallocation of expenses		—			—			—		947		(947	)
Acquisition-related costs		9,364			(9,364	)		—		—		—
Restructuring costs		11,656			(11,656	)		—		—		—

Total operating expenses		930,995			(222,461	)		708,534		611,278		97,256

Operating income		61,873			223,030			284,903		242,723		42,180
Acquisition run rate adjustments		—			—			—		—		656
Run rate savings adjustments		—			—			—		—		1,772
Diligence adjustments		—			—			—		—		(757	)
Other adjustments		—			—			—		—		(143	)
Standalone costs		—			—			—		—		(7,165	)
Interest expense		84,799			(84,799	)		—		—		—
Other (income)/expense, net		2,426			(2,311	)		115		—		—

Loss before income taxes		(25,352	)	$	310,140			284,788		—		—

Income tax benefit		(14,033	)					—		—		—

Net loss	$	(11,319	)					—		—		—

Pro forma adjusted EBITDA							$	284,788		—	$	36,543

Epicor Software Corp 8-K