Infor gets $1.5 billion more in funding ahead of planned IPO: Reuters
Summary
Cloud technology company Infor Inc said on Wednesday it received an investment of $1.5 billion from shareholders Koch Equity Development LLC and private equity firm Golden Gate Capital. The funding builds on Koch Equity’s investment of more than $2 billion in early 2017. Infor said it is considering a potential IPO in 2019 or 2020, subject to market conditions. New York-based Infor helps firms automate businesses by offering specialized software licenses to specific sectors as opposed to selling a product to its customers across industries. Infor said it had revenue of $3 billion in fiscal year 2018.
Funding
Amount
$1.5B
Total raised
Date
January 16, 2019
Announcement date
Investors
-
Lead investors
Company
http://www.infor.com
Funded company
Classifications
industries
No industries detected
applications
ERP & Process Management
AskAI Classifications
Labels
Enterprise Software
Cloud ERP
SaaS
Linked Companies
Infor
$1B+