Infor announces agreement to acquire GT Nexus
Date Posted: 8-19-2015
Infor has announced that they have entered into an agreement to acquire GT Nexus, the world’s largest cloud-based global commerce platform, with approximately 25,000 businesses and $100 billion in goods managed per year in its business network. The deal is expected to close within 45 days, pending regulatory approval.
The continued shift toward contract manufacturing moves the shop floor outside of the brand owner’s ERP system to the ERP of their suppliers—many of which are existing Infor customers. Infor believes GT Nexus will address a key need for our customers in a number of industries by extending Infor beyond the four walls of the enterprise and providing customers global supply chain visibility and financial controls, from planning and production, to goods in transit and at rest, through to retail delivery, sale, and after-market service so they can manage and optimize shipments to customers, distribution centers, and retail outlets to meet demand. Competitively, this acquisition will give customers a much more efficient, interconnected, and agile business network than current suppliers.
The addition of Infor CloudSuite™ technology, Infor’s multitenant industry suites delivered on Amazon Web Services, to the GT Nexus network will enable businesses to go further by integrating merchandising, marketing, and demand data instead of extrapolated forecasts for sales, operations, and production planning. This acquisition will position Infor to redefine modern manufacturing and global trade with the commerce cloud.
Infor also plans to enable the social collaboration for unstructured processes within the supply chain on the GT Nexus cloud through Infor Ming.le™. Retailers and manufacturers will also be able to leverage Infor Rhythm, Infor’s omnichannel e-commerce platform for engagement and direct order flow into the commerce cloud.
The companies will remain separate until the completion of the transaction which is subject to regulatory approvals and the satisfaction of certain conditions customary to acquisition transactions. To learn more, please read the news release and visit the microsite.