Koch Industries takes full ownership in enterprise software company Infor
US conglomerate Koch Industries has taken full ownership in Infor by acquiring the remaining stake in the business cloud software solutions provider it previously didn’t own from Golden Gate Capital for an undisclosed price.
Apart from being an investor in Infor since 2017, Koch Industries has been a key customer of the former. The US conglomerate is said to have been implementing Infor solutions across areas of its businesses such as human resources, enterprise resource planning, asset management, supply chain, and finance.
With the acquisition of the enterprise software company, Koch Industries is said to add new key capabilities to speed up its digital transformation, while giving Infor resources and industry knowledge to further expand its expertise in mission critical software for industries such as manufacturing, retail and distribution, and others.
Koch Industries also gets to expand its involvement in healthcare with Infor’s Healthcare Operations Platform and Interoperability Solutions in areas where its companies are engaged already in medical product purification, connected device manufacturing, and hospital supplies.
Infor will operate as a standalone subsidiary of Koch Industries and will operate under its own existing management team, while retaining its headquarters in New York City.
Kevin Samuelson – CEO of Infor said: “Joining Koch Industries is an exciting new chapter in Infor’s history. It allows us to take a long-term approach, focused on developing industry-specific solutions that help customers modernize and drive immediate, tangible impact”.
The acquisition by Koch Industries places Infor as a well-capitalized company in the technology sector. Infor has invested around $4 billion in product design and development to offer industry-specific CloudSuites, which are said to be designed to solve the most challenging operational problems for more than 68,000 customers globally.
Jim Hannan – Executive Vice President and CEO of Enterprises for Koch Industries said: “It’s been clear from day one that Infor’s unique approach and innovative team are truly bringing value to the market. We want to thank Golden Gate Capital for such a productive partnership and welcome Infor’s 17,000 global employees to Koch Industries.”