Koch Industries, Inc. announced\nthat it has completed the acquisition of the remaining portion of Infor from Golden\nGate Capital. Infor has been a key component of Koch\u2019s technological\ntransformation. Koch companies have made more than $26 billion in technology-related\ninvestments in the past six years, transforming a global portfolio of\nbusinesses spanning multiple industries. In addition to being an investor since\n2017, Koch has been a key customer, implementing Infor solutions across its\nbusinesses in areas like enterprise resource planning, human resources, supply\nchain, asset management and finance. <\/p>\n\n\n\n
The acquisition brings new key capabilities to Koch to accelerate digital transformation, while providing Infor with resources and industry knowledge to continue growing its expertise in mission critical software for industries like manufacturing, retail and distribution, among others. Additionally, Infor\u2019s Healthcare Operations Platform and Interoperability Solutions extend Koch\u2019s involvement in healthcare, where Koch companies are already engaged in connected device manufacturing, medical product purification, and hospital supplies. <\/p>\n\n\n\n
Infor is now a standalone\nsubsidiary of Koch Industries, and continues to operate under the company\u2019s\ncurrent management team from its headquarters in New York City. The acquisition\npositions Infor as one of the most well-capitalized companies in technology. Infor has invested approximately $4 billion in product design and\ndevelopment to deliver industry-specific CloudSuites that solve the most\nchallenging operational issues for over 68,000 customers around the globe.<\/p>\n\n\n\n
\u201cJoining Koch Industries is an exciting new chapter\nin Infor\u2019s history,\u201d said Kevin Samuelson, CEO of Infor. \u201cIt allows us to take a long-term approach,\nfocused on developing industry-specific solutions that help customers\nmodernize and drive immediate, tangible impact.\u201d<\/p>\n\n\n\n
\u201cIt\u2019s\nbeen clear from day one that Infor\u2019s unique approach and innovative team are\ntruly bringing value to the market,\u201d said Jim Hannan, Executive Vice President\nand CEO of Enterprises for Koch Industries. \u201cWe want to thank Golden Gate\nCapital for such a productive partnership and welcome Infor\u2019s 17,000 global employees\nto Koch Industries.\u201d \u201cWe are proud to have founded and grown Infor\ninto an industry leader over the past 18 years,\u201d said David Dominik, Co-Founder\nof Golden Gate Capital. Golden Gate Capital Managing Director Rishi Chandna\nadded, \u201cWe have enjoyed our partnership with management and Koch Industries,\nand wish the Infor team well in the company\u2019s next era of growth.\u201d<\/p>\n\n\n\n Terms of the deal were\nnot disclosed. Goldman Sachs & Co. LLC, Rothschild, Inc. and Citigroup\nGlobal Market, Inc. served as financial advisors to Koch, and Jones Day served\nas legal advisor to Koch. Morgan Stanley, BofA Securities and Credit Suisse\nserved as financial advisors to Golden Gate Capital, and Kirkland & Ellis\nLLP and Nob Hill Law Group, P.C. served as legal advisors to Golden Gate\nCapital. <\/p>\n","protected":false},"excerpt":{"rendered":" Koch companies have made more than $26 billion in technology-related investments in the past six years, transforming a global portfolio of businesses spanning multiple industries.<\/p>\n","protected":false},"author":8,"featured_media":1017,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[154,1595,9621,9653,54,9624],"tags":[695,576,444,1098,1099],"contributor":[],"class_list":["post-2147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cloud-computing","category-cybersecurity","category-emerging-technologies","category-energy-industry-news","category-health-tech","category-smart-sectors","tag-acquisition","tag-digital_transformation","tag-investment","tag-koch_industries","tag-new_york"],"featured_image_src":"https:\/\/techxmedia.com\/en\/wp-content\/uploads\/2020\/02\/Kevin-Samuelson_Infor.jpg1_-2.png","author_info":{"display_name":"News Desk","author_link":"https:\/\/techxmedia.com\/en\/author\/rabab\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts\/2147","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/comments?post=2147"}],"version-history":[{"count":0,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts\/2147\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/media\/1017"}],"wp:attachment":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/media?parent=2147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/categories?post=2147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/tags?post=2147"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/contributor?post=2147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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