|Charles Phillips Photo Credit: goldengatecap.com|
Golden Gate Capital and Summit Partners are recognized in the business world for helping enterprises attain their full potential through funding and investments. The two companies recapitalized Infor, facilitating the completion of its merger with Lawson Software and effectively securing its place as the third largest ERP vendor today.
|Charles Phillips Photo Credit: summitpartners.com|
Charles Phillips of Infor said of the transaction, “We are deeply grateful for the financial backing from Golden Gate Capital and Summit Partners, two of the most respected technology investors in the industry, who combined to invest more than $1 billion of equity to support Infor’s merger with Lawson.”
The transaction also allowed Infor to refinance its debt capital structure, reducing its total debt by $600 million, and extending its debt financing with a maturity date of 2018. The new developments and the company’s recent trajectory all point to an increased value for Infor’s customers.
|Photo Credit: Charles Phillips|
Indeed, Infor puts all the support it gets to good use. The company added more than 600 new developers to its roster—a magnitude rarely seen in any software company. This was done in order to develop more industry-specific software that delivers excellent results that are characteristic of an Infor product.
Get more updates from Charles Phillips of Infor by following him on Twitter.