Infor, a provider of business applications specialized by industry and built for the cloud, 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 and acquisition subsidiary of Koch Industries, Inc.
The investment is strong validation of Infor’s strategy and growth – a journey fueled by product investment, innovation, and an entrepreneurial culture – 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 companies have invested about $80 billion in acquisitions and other capital expenditures. With a presence in about 60 countries since 2003.