Infor Global Solutions, a provider of enterprise software solutions, has acquired rival MAPICS Inc. in a transaction valued at roughly $375 million, based on a cash price of $12.75 per share. This is the second acquisition for Infor within the past month, following the acquisition of Mercia Software in early January; click here for details of the Mercia acquisition.
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.
MAPICS has approximately 4,500 customers, and its affiliate and partner network will further enhance Infor’s ability to meet the needs of global manufacturers. MAPICS’ 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.
“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,” explains Dick Cook, MAPICS’ president and CEO. “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.”
“The combined company has the scale and resources to continue to support our customer base while investing in enhancements and long-term product innovation,” adds Jim Schaper, Infor’s chairman and CEO.
Closing of the transaction, which is expected to occur early in the second calendar quarter of 2005, remains subject to certain conditions including, but not limited to, regulatory clearance and MAPICS shareholder approval.
www.mapics.com
