Koch Industries acquires Infor in deal pegged at nearly $13B


Infor is a company most people have never heard of. This week, the company that has "17,000 employees and 68,000 customers in more than 100 countries worldwide...[and] generated $3 billion in revenue in 2018" was bought by Koch Industries for close to $13bn.

Infor, which makes large-scale cloud ERP software, has been around since 2002 and counts Koch as both a customer and an investor, so the deal makes sense on that level. Koch was lead investor last year in a $1.5 billion investment, wherein the company indicated that it was a step before going public.

An interesting move by Koch following their massive investment last year. My guess is the company's IPO prospects were challenged. The current product suite is largely based on an on-prem model which wasn't built web-first, let alone mobile first. Given the legacy infrastructure the company has to manage in a world that is migrating to the cloud, staying private will give the company more room to operate in an attempt to transform the business prior to going public.


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