News

Infor receives $2 billion investment from Koch

Infor has announced it reached a definitive agreement with Koch Equity Development (“KED”), the investment and acquisition subsidiary of Koch Industries, to make an investment of more than $2 billion in the company.

Charles Philips, Infor
Charles Philips, Infor

The investment will provide Infor access to additional growth capital to accelerate innovation, expand distribution, and continue disrupting the enterprise applications industry.

Accroding to Infor, KED’s investment is strong validation of its strategy and growth – a journey fueled by product investment, innovation, and an entrepreneurial culture. Koch Industries is an American multinational corporation that employs 100,000 people globally and is estimated by Forbes to be the second largest privately-held company in the United States with annual revenue of approximately $100 billion. The investment by KED significantly strengthens Infor’s capital base and provides an entrée into a large ecosystem of businesses contemplating digital transformation.

Infor became the “first company to move mission critical industry applications to the cloud,” and now counts more than 66 million users of its cloud applications. The company’s double digit revenue growth in its most recent quarter was fueled by a 130 percent annual increase in SaaS revenue; more than half of Infor’s software revenues are now derived from cloud applications.

Infor’s cloud strategy uses Amazon Web Services enable them to invest in deep industry functionality with capital that would otherwise be needed to maintain its own data centre infrastructure. Infor’s broad set of applications running on a hyper-scale cloud with cutting-edge data science and design provide a foundation for modernising companies in healthcare, fashion, retail, distribution, public sector, and discrete and process manufacturing.

“Koch is one of the largest private companies in the world with diversified holdings and immense resources to support the next exciting phase of growth at Infor and we are thrilled to have their support,” said Charles Phillips, CEO of Infor. “Some of the largest companies in the world have approached Infor looking for a modern alternative to the legacy options available for mission critical business applications. Infor has the scale and capital to provide a digital platform for the Global 5000.”

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

GET TAHAWULTECH.COM IN YOUR INBOX

The free newsletter covering the top industry headlines