Infor, a Cloud software company, Announces $1.5 Billion Investment Ahead of Planned IPO

Infor, a NewYork based business cloud software provider, announced that it has raised $1.5 billion investment from Koch Equity Development (KED) and Golden Gate Capital in the latest funding round.

This substantial development comes ahead of Infor's possibly planned IPO in 2019 or 2020. Earlier in 2016, Infor raised $2.5B from Koch Equity Development (KED) in private funding round.  The newly raised capital will be used to reduce $6 billion debt ahead of its IPO.


Infor clocked more than $3 billion of revenue in the fiscal year 2018. The 70% (percent) of their revenue now comes from cloud applications. The announcement claimed that Infor is the first company to move mission-critical ERP application suites to public clouds and Infor CloudSuite is now the only fully multi-tenant ERP suite spanning front and back office applications, as well as logistics with global support (in terms of languages, currencies, and localizations). Overall 20,700 industry features are released into the CloudSuite product line.

In the last five years, Infor has heavily invested $2.5 billion in product development and released 475 new products, 1,870 integrations.

Infor’s CloudSuites are the foundation for digital transformation for more than 9,500 customers in 110 countries with its presence in key industries such as healthcare, manufacturing, retail, the public sector, and hospitality.  Over 72% of all hospitals in the U.S. run Infor applications, as well as 19 of the top 20 automotive suppliers and 8 of the top 10 fashion brands.

Executive Opinion

CEO of Infor, Charles Phillips, said, "Koch and Golden Gate Capital have been phenomenal partners for Infor, and all of our 17,300 employees are excited about this milestone as we prepare for the next stage of growth,"

Koch Executive Vice President and CEO of Enterprises for Koch Industries, Inc, Jim Hannan, said, “Koch was a customer of Infor before we became an investor in the Company, and Koch Industries’ companies continue to move their most mission critical applications to Infor CloudSuites. Infor’s innovative products have helped lead our digital transformation as we continue to deploy them globally for 120,000 employees.”

Recent Acquisitions

In September 2018, Infor acquired an industry leader in cloud-based hospitality solutions, Vivonet. In October 2018, Infor also acquired GitLinks. Infor has around 17,300 employees and over 68,000 customers in more than 170 countries.