Koch completes its deal with Infor

Infor has announced the completion of a previously announced investment of more than $2 billion in the company by an affiliate of Koch Equity Development LLC (“KED”).

The investment is strong validation of Infor’s strategy and growth and provides Infor access to additional capital to accelerate innovation, expand distribution, and continue disrupting the enterprise applications industry. Infor’s existing shareholders include Golden Gate Capital, Summit Partners, and Management. 

"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, 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."

Under Phillips' leadership, Infor invested approximately $2 billion in product design and development over the last five years and delivered more than 400 new products, 1,700 integrations, and 16,000 industry features in its CloudSuite product line. Infor now has 15,000 employees and operates in more than 170 countries.

"Infor's demonstrated capability to help companies across a wide spectrum of industries automate and improve efficiency is relevant to our broad portfolio of invested companies and we look forward to exploring co-innovation opportunities," said Brett Watson, Senior Managing Director of KED.