Infor, provider of CloudSuite Industrial ERP and other leading industry-specific software, announced today that the company will be acquired in its entirety by Koch Equity Development LLC (KED), the private investment arm of Koch Industries, Inc. Prior to the announcement, Koch Industries already owned about 70% of Infor. KED will purchase the remaining Infor equity from Golden Gate Capital. While financial terms were not disclosed publicly, Bloomberg reports the deal values Infor at nearly $13 billion.
The acquisition comes as welcome news to the Infor community. Koch Equity Development has invested nearly $4 billion in Infor since 2017. Those investments have allowed Infor to rapidly expand their focus on industry-specific cloud software – including Infor CloudSuite Industrial – growing their software-as-a-service division by more than 20% annually. With this acquisition, Koch plans to position Infor as one of the most well-capitalized companies in technology, allowing Infor to continue building on that growth.
Koch’s investment validates Infor’s direction, leadership, and product base – especially Infor CloudSuite Industrial, which continues to be their leading mid-market ERP offering. Upon the news of the acquisition, Infor reiterated that the name of the company will not change, Infor leadership will not change, the Infor headquarters will remain in New York City, and the industry focus will not change.
“Koch’s decision to acquire Infor is a strong endorsement of our product strategy and focus on creating innovative solutions for our customers,” said Kevin Samuelson, CEO of Infor. “As a subsidiary of a $110 billion+ revenue company that re-invests 90% of earnings back into its businesses, we will be in the unique position to drive digital transformation in the markets we serve. We are rapidly expanding our industry-specific CloudSuites and offering customer experiences and outcomes that are well beyond what is standard in enterprise software.”
“Software is no longer an industry vertical; it is a disruptive layer that is transforming every facet of society,” said Jim Hannan, executive vice president and CEO of enterprises for Koch Industries. “As a global organization spanning multiple industries across 60 countries, Koch has the resources, knowledge and relationships to help Infor continue to expand its transformative capabilities.”
The transaction is subject to customary conditions and regulatory approvals and is expected to close in the first half of 2020. Read Infor’s press release here.
About Decision Resources, Inc.
Founded in 1978, Decision Resources is a leading manufacturing software solutions expert and the largest Infor CloudSuite (SyteLine) ERP provider in the world. Our combined manufacturing, ERP, and technical expertise means that we are able to meet the immediate needs of our customers, and also help them plan on-going, continuous improvement projects that yield the return on investment they need to see.