Feeds

Infor buys Extensity, Systems Union

Infor a penny, in for $2.1bn in revenues

Boost IT visibility and business value

Extensity, the venture capitalist-owned business software vendor formerly known as Geac has been bought by Infor - another VC enterprise. Extensity itself bought UK firm Systems Union only this April.

On paper the nascent group has revenues of $2.1bn, trailing only Oracle and SAP. Industry watchers have been surprised at a company swelling to such a size purely in the hands of VCs.

The Extensity deal was done with a mixture of cash and loans. A $150m revolving credit facility was backed with a $2.25bn term loan and a $1.425bn senior subordinated bridge facility.

Infor CEO Jim Schaper said: "Companies can now choose fully integrated solutions for specific industries as well as best-in-class standalone solutions from one provider."

With presence in 100 countries, the three companies have significant overlap in their products and midsize markets, so some consolidation can be expected.®

Build a business case: developing custom apps

More from The Register

next story
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Mozilla's 'Tiles' ads debut in new Firefox nightlies
You can try turning them off and on again
No, thank you. I will not code for the Caliphate
Some assignments, even the Bongster decline must
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Banking apps: Handy, can grab all your money... and RIDDLED with coding flaws
Yep, that one place you'd hoped you wouldn't find 'em
TROLL SLAYER Google grabs $1.3 MEEELLION in patent counter-suit
Chocolate Factory hits back at firm for suing customers
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Netflix swallows yet another bitter pill, inks peering deal with TWC
Net neutrality crusader once again pays up for priority access
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.