Infor gets $1.5 billion investment from shareholders

Infor has signed an agreement to receive a $1.5 billion investment from shareholders Koch Equity Development, LLC (KED) and Golden Gate Capital.

This investment builds on KED’s investment of more than $2 billion in early 2017, and it represents an important milestone as Infor considers a potential IPO in 2019 or 2020, subject to market conditions.

Charles Phillips, CEO of Infor, says, "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.”

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. Infor CloudSuite is now the only fully multi-tenant ERP suite spanning front and backoffice applications, as well as logistics with global support (in terms of languages, currencies, and localizations).

Jim Hannan, Koch Executive Vice-President & CEO of Enterprises for Koch Industries, Inc., comments, “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.”

Fundamental to Infor’s strategy is its ability to engineer each CloudSuite for a specific industry. Infor eliminates the need for expensive customizations and runaway consulting engagements. Customers routinely lower costs by 25% or more by retiring mods, eliminating big bang upgrades, and reducing infrastructure costs after moving to CloudSuite.

Infor CloudSuite is also futureproofed 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.