Infor to acquire GT Nexus for $675 million

Oakland, California-based GT Nexus makes supply-chain management software that coordinates production and shipments between buyers and suppliers.

Infor on Tuesday announced plans to acquire GT Nexus for $675 million.

Oakland, California-based GT Nexus makes supply-chain management software that coordinates production and shipments between buyers and suppliers.

Its platform is considered a direct procurement network which "ties directly to the goods being sold to the enterprise's end customers." GT Nexus customers include Nike, Adidas AG, Home Depot and Procter & Gamble.

Infor said it plans to use the technology to create a global commerce cloud with end-to-end control and visibility. More specifically, the deal enables Infor to better compete with legacy vendors Oracle and SAP for customers looking for specialized, hands-off business management systems.

Infor plans to run GT Nexus' software through CloudSuite, which powers its multitenant applications tailored by industry and delivered via Amazon Web Services. The combination, Infor said, will allow businesses to integrate merchandising, marketing, and demand data into their supply chain management flow.

"Together, Infor and GT Nexus will provide customers with unprecedented visibility into their supply chains to manage production and monitor goods in transit and at rest," said Infor CEO Charles Phillips, in a prepared statement.

The deal marks Infor's second-largest acquisition behind its purchase of Lawson Software for $2 billion. It also comes at a time when Infor's long-rumored IPO plans appear more of a reality. Last month the New York-based company hired former Goldman Sachs executive Jeff Laborde as its chief financial officer.

At the time, Phillips said Laborde was the "perfect fit to help guide Infor through this next phase in the evolution of the company."

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