Feeds

Golden Gate swallows up Lawson Software

ERP vendor set for extensive integration with Infor

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Veteran ERP vendor Lawson software is being swallowed by acquisitive VC house Golden Gate Capital, the firms announced this morning.

Lawson will be lined up with Golden Gate's GGC Software affiliate and Infor, another software firm in its portfolio.

"Infor and Lawson will create a rich, integrated enterprise application suite," said Charles Phillips, CEO of Infor. "After the transaction closes, we plan to integrate many of the applications as soon after closing as possible, facilitated by a standards-based approach and the fact that both companies' applications are already service-enabled."

The CEO is of course the same Chuck Phillips who used to be president at Oracle.

The statement accompanying the buy emphasised Infor's supply chain, product lifecycle, workforce, and asset management products, with Lawson lauded for its best-in-class enterprise financials and human resources products.

Lawson shareholders will get $11.25 a share, a discount of 7.3 per cent down on Monday's closing price, but still a 14 per cent markup on the price of shares before rumours of the deal began circulating at the beginning of March. The firm first confirmed that it had received an approach on 11 March.

Lawson said it had spoken to other parties, but had concluded that the GGC offer was in the best interests of shareholders – or at least of those who had bought their stock before the ramp-up of its share price. ®

3 Big data security analytics techniques

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.