Koch pledges US$2 billion to Infor
Infor, the provider of the CloudSuite range of cloud-based business applications, has reached an agreement with Koch Equity Development LLC (KED) for a US$2 billion investment in the company, to enable Infor to accelerate innovation and expand distribution.
KED is the investment and acquisition subsidiary of Koch Industries, 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 US$100 billion.
Infor’s applications are utilised by companies in health care, fashion, retail, distribution, public sector, and discrete and process manufacturing. The company has more than 66 million users of its cloud applications, which contribute more than half of Infor’s software revenues.
Infor’s direct commerce network GT Nexus connects over 28,000 businesses, banks, logistics providers, brokers and carriers to process transactions and enable collaboration and visibility among trading partners.
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