Infor, announced an agreement to receive a $1.5 billion investment from shareholders Koch Equity Development, LLC and Golden Gate Capital.
“Koch and Golden Gate Capital have been phenomenal partners for Infor, and all of our 17,300 employees are excited about this milestone as we prepare for the next stage of growth,” said Charles Phillips, CEO of Infor.
Under Phillips’ leadership, and over the course of Infor’s partnership with KED and Golden Gate Capital, Infor has invested approximately $2.5 billion in product design and development over the last five years and delivered more than 475 new products, 1,870 integrations, and 20,700 industry features in its CloudSuite product line
“Koch was a customer of Infor before we became an investor in the Company, and Koch Industries’ companies continue to move their most mission critical applications to Infor CloudSuites, Infor’s innovative products have helped lead our digital transformation as we continue to deploy them globally for 120,000 employees”said Jim Hannan, Koch Executive Vice President and CEO of Enterprises for Koch Industries, Inc.
“Companies see the value in shifting their enterprise applications to the cloud but can’t make that transition until critical industry features are replicated there. Infor built these previously bespoke features as standard cloud services and now has access to valuable data across business functions to build predictive analytics and insightful correlations on our Coleman AI platform,” said Phillips.
Infor CloudSuite is also future proofed for innovation.
Infor applications run on public scale clouds and open source infrastructure not tied to a single data store and scale out at lower costs using commodity compute and storage on demand. Vertical integration is a legacy of on-premise computing, and modern applications leverage global, commodity infrastructure.
“Infor has undergone a remarkable evolution over the years. We remain strong supporters of the Company’s strategy and leadership team as they pursue their next phase of growth and continue to enhance the operations of businesses across a range of sizes and industries,” said David Dominik, Managing Director of Golden Gate Capital, which made its first investment in Infor in 2002.
“Koch continues to be impressed with Infor’s hyper-scaled, versatile technology, both as an investor, and as a customer of their software solutions, Our confidence in the Infor team comes not only from their financial performance, but from the real world results we’re seeing as we implement Infor solutions throughout Koch Industries.” said Matt Flamini, KED’s President.
