Infor has announced that Koch Equity Development (KED) has agreed to make an investment of more than $2 billion in the company.
The investment will provide Infor access to additional growth capital to accelerate innovation, expand distribution, and “continue disrupting the enterprise applications industry”.
According to Infor, it was the first company to move mission critical applications to the cloud. Its cloud strategy uses Amazon Web Services, enabling the company to invest in deep industry functionality with capital that would otherwise be needed to maintain its own data centre infrastructure.
“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 Info and we are thrilled to have their support,” said Charles Phillips, Infor CEO.
“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.”