INFOR SIGNS DEFINITIVE AGREEMENT TO ACQUIRE MAPICS FOR A CASH PRICE OF $12.75 PER SHARE

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INFORMATION: Free information is available from INFOR on the subject in this story. Click here to request a copy

Infor Global Solutions and MAPICS, Inc. (NASDAQ/NM: MAPX), leading global providers of enterprise software solutions, announced the signing of a definitive agreement for Infor to acquire MAPICS.

Under the terms of the agreement, Infor has agreed to pay $12.75 per share in cash to MAPICS shareholders. The plan has received unanimous approval from the MAPICS Board of Directors and its Special Committee. The transaction is subject to certain closing conditions, including receipt of required regulatory approvals and MAPICS shareholder approval.

Infor focuses exclusively on delivering enterprise resource planning (ERP) and supply chain solutions that are designed specifically for the manufacturing and distribution industries. By adding MAPICS' additional scale and reach, Infor will be able to expand its manufacturing solutions and increase its ability to compete globally. The combined company will have more than 17,500 customers in over 70 countries.

"Infor is building vertical market leadership by assembling proven, best-of-breed solutions and deep industry knowledge," said Jim Schaper, Infor's chairman and chief executive officer.

"MAPICS is a respected enterprise software provider that has been serving the manufacturing industry for over two decades. The combined company has the scale and resources to continue to support our extensive customer base while investing in enhancements and long-term product innovation. Both current and future customers will benefit from our exclusive focus on manufacturing and distribution and our world- class team of professionals with deep vertical expertise."

MAPICS has approximately 4,500 customers and a team of dedicated employees who will expand Infor's expertise in the manufacturing sector. MAPICS' strong affiliate and partner network will further enhance Infor's ability to meet the needs of global manufacturers and MAPICS' proven products will allow Infor to offer an expanded suite of solutions. Infor's financial backing, global reach and additional product solutions will provide MAPICS' customers with a path for continuous improvement and long-term growth.

Dick Cook, MAPICS' president and chief executive officer, remarked, "With the industry consolidation currently taking place, it was imperative that MAPICS combine to create a larger company to help ensure the continued success of our customers. While our initial strategy was to grow through acquisition, the opportunity to be part of a much larger company while rewarding our shareholders presented an attractive alternative."

Cook added, "After a lengthy process, the MAPICS Board of Directors concluded that this was the right plan of action. We believe that Infor's offer is a win for our shareholders and that it provides a long term future for our business."

INFORMATION: Free information is available from INFOR on the subject in this story. Click here to request a copy

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