Koch Industries announced Monday that it has closed on the acquisition of Infor, originally announced in February. Industry sources placed the value of the transaction as close to $13 billion, putting it in line to be one of the top 10 enterprise acquisitions this year.
Infor is a global leader in business cloud software products for companies in industry specific markets. Infor builds complete industry suites in the cloud and efficiently deploys technology that puts the user experience first, leverages data science, and integrates easily into existing systems.
The company will remain an independent subsidiary of Koch, a global company that deals more in manufacturing than software and boasts more than $110 Billion in annual revenue. It is reported that the company re-invests 90% of earnings back into its businesses which will only serve to strengthen Infor’s position to drive digital transformation.
“We view Koch’s reinvestment in Infor as a very positive sign,” said Barbara Dreska, Chairwoman and CEO of LLP Group. “As more and more companies are searching for creative ways to address business continuity issues during the current situation, Infor software is helping our customers keep their businesses going.”
Infor counts some of the largest organizations in the world as customers, including 17 of the top 20 global banks, 9 of the 10 largest global hotel brands and 7 of the top 10 global luxury brands. Infor was founded in 2002 and LLP Group has partnered with them from the very beginning.