Infor acquired by Koch Industries

Get a free Techzine subscription!

The well-known ERP vendor Infor has been acquired by Koch Industries, which in turn is part of Koch Equity Development LLC. Infor will become an independent subsidiary of Koch Industries and the current management team will continue to manage the company from New York.

Infor is primarily known for its ERP solution, but also supplies other cloud applications. The market for these types of cloud-based SaaS applications is growing enormously, so an acquisition in this market is not surprising.

Koch Industries has taken over the remaining share of Infor held by Golden Gate Capital, which means that Infor can now be fully incorporated. Koch Industries started as a customer of Infor, but decided to invest in the software supplier in 2017. Koch is a strong organisation with a high credit rating, and can take Infor to the next level.

Driving digital transformation

Koch wants to position Infor as a capital-intensive technology company with a strong focus on innovation and an extensive range of cloud applications. Infor’s CEO, Kevin Samuelson, commented: “As a subsidiary of a company that sells more than $110 billion and reinvests 90 percent of its profits in its operations, we are uniquely positioned to drive the digital transformation in the markets in which we operate. We are rapidly expanding our industry-specific CloudSuites, offering customer experiences and results that go far beyond what is standard in the enterprise software market. “

Koch has a turnover of more than $110 billion and invests 90 percent of its profits back into the company. This should enable Infor to develop faster.