Feeds

Golden Gate swallows up Lawson Software

ERP vendor set for extensive integration with Infor

  • alert
  • submit to reddit

Remote control for virtualized desktops

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. ®

Beginner's guide to SSL certificates

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Getting started with customer-focused identity management
Learn why identity is a fundamental requirement to digital growth, and how without it there is no way to identify and engage customers in a meaningful way.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
The Heartbleed Bug: how to protect your business with Symantec
What happens when the next Heartbleed (or worse) comes along, and what can you do to weather another chapter in an all-too-familiar string of debilitating attacks?
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.