Infor, the largest global software provider to exclusively focus on delivering integrated enterprise applications to select verticals in the manufacturing and distribution industries, today announced it has acquired MAPICS after receiving regulatory approvals and satisfying the closing conditions of the transaction, originally announced in January.
With the completion of the acquisition, MAPICS is 100% owned by Infor which has been and remains a private company. The MAPICS acquisition was financed through a combination of additional equity from Golden Gate Capital and Summit Partners, cash from the Infor Balance Sheet and additional debt underwritten by Lehman Brothers.
"The acquisition of MAPICS deepens our focus on manufacturing and distribution, and strengthens our ability to provide the world-class solutions and experienced professionals our customers need to remain competitive in a global economy," said Jim Schaper, Infor's chairman and chief executive officer. "With the addition of MAPICS we now provide solutions to more than 17,500 customers with implementations in 70 countries. Infor's revenue approaches $600 million with 2,400 employees in 47 global offices focused on solving the essential challenges our customers face everyday."
MAPICS has been providing the manufacturing industry with ERP, CRM, PLM and SCM solutions and professional services for more than 25 years. MAPICS' operations have been integrated into Infor's Discrete Group, where the products and services of both companies will continue to be supported. Infor's Discrete Group now delivers a broad set of solutions covering a range of manufacturing methodologies such as batch processing, make-to-order, make-to-stock, assemble-to-order, engineer-to-order and repetitive.
"Infor will leverage the synergies between our products and MAPICS' to develop innovative solutions that meet the evolving business requirements of our combined customer base," said Robin Pederson, general manager and senior vice president of Infor's Discrete Group. "By building solutions through assembly and innovation, we're offering our customers a more diversified line of products while also protecting their investment in both Infor and MAPICS solutions.
With the acquisition, Infor also extends its global reach through MAPICS' strong affiliate and partner network. The MAPICS network complements Infor's existing direct and indirect sales channels, enabling Infor to present a broader, deeper product offering, additional global distribution, increased implementation capability and expansion opportunities to organisations throughout the world.
"Infor's solutions, experience and partnerships - backed by our financial stability - ensure our ability to continually meet the specific needs of manufacturers and distributors, offering them an unparalleled competitive advantage for long-term growth," said Schaper.