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ERP Journal: Article

Infor Completes Acquisition of MAPICS

Infor Completes Acquisition of MAPICS

ATLANTA, April 19 /PRNewswire/ -- 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 organizations 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.

Acquisition Highlights

Infor International Limited, a wholly owned subsidiary within the Infor Global Solutions group, acquired MAPICS, Inc., a publicly traded manufacturing applications provider headquartered in Alpharetta, Ga. Terms of the acquisition included the purchase of all MAPICS capital stock. The acquisition was financed through equity capital provided by Golden Gate Capital and Summit Partners, Infor's existing equity sponsors. Infor's senior bank debt and subordinated debt was refinanced by a syndicate of banks led by Lehman Brothers Inc. with Wells Fargo Foothill acting as syndication agent. Lehman Brothers Inc. and Wachovia Securities acted as advisors to Infor.

About Infor

Infor is the largest global software provider exclusively focused on delivering world-class enterprise applications to select verticals in the manufacturing and distribution industries. Infor delivers integrated best-in- class products that address the essential challenges its customers face in areas such as supply chain planning, relationship management, demand management, ERP, warehouse management, marketing-driven distribution and business intelligence. More information about Infor and its products can be found at http://www.infor.com/ .

Infor Global Solutions

CONTACT: Financial, Scott Meyerhoff, Chief Financial Officer,
+1-678-393-5008, or [email protected] , or Corporate Communications,
Beverly McDonald, VP Corporate Communications, +1-678-393-5007, or
[email protected] , both of Infor Global Solutions

Web site: http://www.infor.com/

More Stories By Christoph Menken

Christoph Menken is a senior developer and consultant on Power People (www.powerpeople.de) and a frequent speaker at the PowerBuilder User Group Germany (www.pbugg.de). He has been using PowerBuilder since version 5.0 and PocketBuilder since version 1.5.

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