Infor, a global leader in business cloud software, announced today that Koch Industries has entered into a definitive agreement to acquire the remaining equity stake in Infor held by Golden Gate Capital. At the close of the transaction, Infor will become a standalone subsidiary of Koch Industries, and will continue to be operated by the company’s current management team from its headquarters in New York City.
LLP Group is an Infor Global Alliance Partner and Gold Channel partner and has enjoyed a relationship with Infor that spans more than two decades. “Koch Industries has made significant investment in Infor since becoming a key investor in 2017 that has allowed them to continue to improve their product offerings,” said Barbara Dreska, Chairwoman and CEO of LLP Group. “We view this announcement as a positive step toward the future and look forward to continuing to work with Infor in our role as a reseller and implementor of Infor software around the world.”
Infor has invested approximately $4 billion in product design and development to deliver industry-specific CloudSuites that solve the most challenging operational issues for over 68,000 customers around the globe. Infor’s CloudSuites are cloud-native, industry-specific and built to help companies modernize and drive immediate, tangible impact. Infor’s key industries include manufacturing, distribution, healthcare, public sector, retail and hospitality.
Read the full press release – https://www.infor.com/en-gb/news/koch-industries-agrees-to-acquire-all-of-infor
February 2020