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KOCH INDUSTRIES COMPLETES ACQUISITION OF INFOR

Published: Wednesday, May 27, 2020

Business Information Technology (IT)Financial Services ManagementTelecommunicationsLogisticsOffice Equipment Instrumentation

Koch Industries, Inc. recently announced that it has completed the acquisition of the remaining portion of Infor from Golden Gate Capital. Infor, a global leader in business cloud software specialised by industry, has been a key component of Koch Industries’ technological transformation. Koch Industries’ 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.

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    Koch Industries, Inc. recently announced that it has completed the acquisition of the remaining portion of Infor from Golden Gate Capital. Infor, a global leader in business cloud software specialised by industry, has been a key component of Koch Industries’ technological transformation. Koch Industries’ 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. In addition to being an investor since 2017, Koch Industries has been a key customer, implementing Infor solutions across its businesses in areas like enterprise resource planning, human resources, supply chain, asset management and finance. 

    “This acquisition brings new key capabilities to Koch Industries 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,” confirms Mark Bannerman, Managing Director - Infor Services at iOCO. “Additionally, Infor’s industry-leading Healthcare Operations Platform and Interoperability Solutions extend Koch Industries’ involvement in healthcare, where Koch Industries’ companies are already engaged in connected device manufacturing, medical product purification, and hospital supplies.”  

    Infor is now a standalone subsidiary of Koch Industries, and continues to operate under the company’s current management team from its headquarters in New York City. The acquisition positions Infor as one of the most well-capitalized companies in technology. 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.

    “Joining Koch Industries is an exciting new chapter in Infor’s history,” said Kevin Samuelson, CEO of Infor. “It allows us to take a long-term approach, focused on developing industry-specific solutions that help customers modernize and drive immediate, tangible impact.”

    “It’s been clear from day one that Infor’s unique approach and innovative team are truly bringing value to the market,” said Jim Hannan, Executive Vice President and CEO of Enterprises for Koch Industries. “We want to thank Golden Gate Capital for such a productive partnership and welcome Infor’s 17,000 global employees to Koch Industries.”

    “We are proud to have founded and grown Infor into an industry leader over the past 18 years,” said David Dominik, Co-Founder of Golden Gate Capital. Golden Gate Capital Managing Director Rishi Chandna added, “We have enjoyed our partnership with management and Koch Industries, and wish the Infor team well in the company’s next era of growth.”

     

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    About iOCO

    Established to simplify ICT, iOCO is Africa’s leading integrated technology services company, with the largest concentration of skills on the continent.  As a Level 1 B-BBEE end-to-end ICT managed service provider and Cloud systems integrator, iOCO operates with over 20 years’ experience.  Its team of more than 4 500 specialists delivers custom development and integration, open source, enterprise applications, data and analytics, compute and platforms, and manage and operate solutions to over 1 000 customers. 

    Inspired by digitally native internet organisations (iO) and creative organisations (CO) of the future, iOCO helps customers navigate the path to an exponential future.  To achieve this vision, iOCO holds strategic OEM partnership agreements with more than 90 global leaders. 

    iOCO is part of the EOH group of companies.  For more information, please visit: ioco.tech          

     

    About Infor

    Infor is a global leader in business cloud software specialized by industry. With over 68,000 customers worldwide, Infor is transforming the way businesses operate through best-in-class technology, expertise, and customer-centricity. To learn more, please visit www.infor.com.

    Infor customers include:

    • The top 20 aerospace companies
    • 9 of the top 10 high tech companies
    • 14 of the 25 largest U.S. healthcare delivery networks
    • 19 of the 20 largest U.S. cities
    • 18 of the top 20 automotive suppliers
    • 14 of the top 20 industrial distributors
    • 13 of the top 20 global retailers
    • 4 of the top 5 brewers
    • 17 of the top 20 global banks
    • 9 of the 10 largest global hotel brands
    • 7 of the top 10 global luxury brands

     

    About Koch Industries, Inc.

    Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America, with estimated annual revenues as high as $110 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control systems; electronics, software and data analytics; minerals; glass; automotive components; ranching; commodity trading; and investments. Since 2003, Koch companies have invested nearly $120 billion in growth and improvements. For more news and information, visit www.KOCHind.com.

     

    About Koch Equity Development LLC (KED)

     

    With offices in Wichita and London, KED focuses its efforts on strategic acquisitions and industry agnostic principal investments. Significant principal investments completed include Getty Images, Global Medical Response, Meredith/Time Inc., Solera Holdings Inc., The ADT Corporation, and Transaction Network Services. Since 2012, KED has invested more than $15 billion of equity in principal investments.

     

    About Golden Gate Capital

    Golden Gate Capital is a San Francisco-based private equity investment firm with over $15 billion of committed capital. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Other notable software investments sponsored by Golden Gate Capital include BMC Software, Vector Solutions, Neustar, Ensemble Health Partners, and 2020 Technologies. For more information, visit www.goldengatecap.com.