Infor expands focus on manufacturing and distribution with MAPICS' software and services
Atlanta — May 13, 2005 — Software provider Infor recently completed its acquisition of MAPICS after receiving regulatory approvals and satisfying the closing conditions of the transaction originally announced in January.
With the completion of the acquisition, MAPICS, a publicly traded manufacturing applications provider headquartered in Alpharetta, Ga., is 100 percent owned by Infor, which has been and remains a private company.
The MAPICS acquisition was financed through a combination of additional equity from Golden Gate Capital and Summit Partners, cash from the Infor Balance Sheet and additional debt underwritten by Lehman Brothers.
The acquisition of MAPICS deepens our focus on manufacturing and distribution, and strengthens our ability to provide the solutions and experienced professionals our customers need to remain competitive in a global economy, commented Jim Schaper, Infor's chairman and CEO. With the addition of MAPICS we now provide solutions to more than 17,500 customers with implementations in 70 countries. Infor's revenue approaches $600 million with 2,400 employees in 47 global offices.
MAPICS has been providing the manufacturing industry with enterprise resource planning (ERP), customer relationship management (CRM), product lifecycle management (PLM) and supply chain management solutions and professional services for more than 25 years.
MAPICS' operations have been integrated into Infor's Discrete Group, where the products and services of both companies will continue to be supported. Infor's Discrete Group now delivers a broad set of solutions covering a range of manufacturing methodologies such as batch processing, make-to-order, make-to-stock, assemble-to-order, engineer-to-order and repetitive.