SSA Global (Chicago), a supplier of ERP software and services, is being acquired by Infor, one of the largest providers of enterprise software for the manufacturing and distribution industries. The combined company will be the third largest global enterprise software provider.
Under the terms of the agreement, Infor will pay $19.50 per share in cash to SSA Global’s shareholders. The transaction is expected to close in the third calendar quarter of 2006.
In addition to core ERP applications, SSA Global offers corporate performance management, customer relationship management, product lifecycle management, supply chain management and supplier relationship management. It has more than 50 locations worldwide and customers in over 90 countries.
Infor delivers integrated solutions focused on supply chain planning, enterprise asset management, relationship management, demand management, ERP, warehouse management, and business intelligence. It has more than 3,100 employees in 50 offices worldwide serving almost 24,700 customers in over 100 countries.
“With this acquisition, Infor will become the third largest enterprise software provider in the industry with approximately $1.6 billion in revenue,” said Jim Schaper, Infor’s chairman and CEO.
"In a rapidly consolidating marketplace we have seen that size and scale matter,” said Mike Greenough, chairman, president and CEO of SSA Global.
Source: SSA Global
