Infor seeks to strengthen cloud footing with $675M GT Nexus buy
Infor made a $675 million bid to bolster its cloud and supply-chain management capabilities Tuesday with the announcement that it will acquire global order-management platform provider GT Nexus.The deal, said to be the second largest in Infor’s history, is expected to close within 45 days.Because GT Nexus is a fully cloud-based supply-chain platform, it will help Infor to accelerate its shift from on-premises software to true multitenant cloud, said Paul Hamerman, a Forrester Research analyst. “It also aligns well with Infor’s focus on manufacturing industries.”GT Nexus’ global trade and logistics software is designed to let companies in industries like retail, fashion and manufacturing to collaborate with global suppliers and optimize shipments to customers, distribution centers and retailers.To read this article in full or to leave a comment, please click here