{"id":999,"date":"2020-02-05T14:37:43","date_gmt":"2020-02-05T10:37:43","guid":{"rendered":"https:\/\/www.techxmedia.com\/?p=999"},"modified":"2025-04-18T00:04:22","modified_gmt":"2025-04-17T20:04:22","slug":"koch-industries-acquire-infor","status":"publish","type":"post","link":"https:\/\/techxmedia.com\/en\/koch-industries-acquire-infor\/","title":{"rendered":"Koch Industries agrees to acquire all of Infor"},"content":{"rendered":"\n

Infor<\/a> announced that an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc., 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\u2019s current management team from its headquarters in New York City. <\/p>\n\n\n\n

Koch has been an investor in Infor since 2017. With the strength of its balance sheet and a AA corporate credit rating, Koch intends to quickly position Infor as one of the most well-capitalized companies in technology. 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\n\n\n

“Koch\u2019s decision to acquire Infor is a\nstrong endorsement of our product strategy and focus on creating innovative\nsolutions for our customers,\u201d said Kevin Samuelson, CEO of Infor. \u201cAs a\nsubsidiary of a $110 billion+ revenue company that re-invests 90% of earnings\nback into its businesses, we will be in the unique position to drive digital\ntransformation in the markets we serve. We are rapidly expanding our\nindustry-specific CloudSuites and offering customer experiences and outcomes\nthat are well beyond what is standard in enterprise software.\u201d  <\/p>\n\n\n\n

\u201cSoftware\nis no longer an industry vertical; it is a disruptive layer that is\ntransforming every facet of society,\u201d said Jim Hannan, Executive Vice President\nand CEO of Enterprises for Koch Industries. \u201cAs a global organization spanning\nmultiple industries across 60 countries, Koch has the resources, knowledge and\nrelationships to help Infor continue to expand its transformative\ncapabilities.\u201d<\/p>\n\n\n\n

Infor\nhas invested approximately $4 billion in product design and development to\ndeliver industry-specific CloudSuites that solve the most challenging\noperational issues for over 68,000 customers around the globe. Infor\u2019s\nCloudSuites are cloud-native, industry-specific and built to help companies\nmodernize and drive immediate, tangible impact. Infor\u2019s key industries include\nmanufacturing, distribution, healthcare, public sector, retail and hospitality.
\n
\n<\/p>\n\n\n\n

\u201cGolden Gate Capital founded and began building\nInfor 18 years ago,\u201d said David Dominik, Co-founder of Golden Gate Capital. \u201cWe\nare selling our remaining stake to Koch Industries, our partner in Infor for\nthe last three years, because of the significant strategic value between Infor\nand Koch.\u201d  Golden Gate Capital Managing\nDirector Rishi Chandna added: \u201cOver the last several years working with Koch Industries\nand the management team, it is very apparent that there is a great partnership\nwith Koch that will take the company to its next level of success. We are very\nproud to have worked with the management team in transforming Infor repeatedly\nover the years as the market has evolved.\u201d <\/p>\n\n\n\n

The transaction is subject to customary conditions\nand regulatory approvals and is expected to close in the first half of 2020.\nFinancial terms of the transaction were not disclosed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Koch\u2019s decision to acquire Infor is a strong endorsement of our product strategy and focus on creating innovative solutions for our customers,\u201d said Kevin Samuelson, CEO of Infor<\/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":[9685],"tags":[316],"contributor":[],"class_list":["post-999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-events-middle-east","tag-koch"],"featured_image_src":"https:\/\/techxmedia.com\/en\/wp-content\/uploads\/2020\/02\/Kevin-Samuelson_Infor.jpg1_-2.png","author_info":{"display_name":"Rabab","author_link":"https:\/\/techxmedia.com\/en\/author\/rabab\/"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts\/999","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=999"}],"version-history":[{"count":0,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/posts\/999\/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=999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/categories?post=999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/tags?post=999"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/techxmedia.com\/en\/wp-json\/wp\/v2\/contributor?post=999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}