Feeds

Golden Gate swallows up Lawson Software

ERP vendor set for extensive integration with Infor

  • alert
  • submit to reddit

Boost IT visibility and business value

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. ®

Best practices for enterprise data

More from The Register

next story
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
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.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Solving today's distributed Big Data backup challenges
Enable IT efficiency and allow a firm to access and reuse corporate information for competitive advantage, ultimately changing business outcomes.
A new approach to endpoint data protection
What is the best way to ensure comprehensive visibility, management, and control of information on both company-owned and employee-owned devices?