Infor, which aims to better challenge Oracle and SAP, said it will launch almost 300 new products in 2013, including a social collaboration application called Ming.le, a middleware platform and big data effort.
The company, led by CEO Charles Phillips, formerly of co-president of Oracle, outlined the following at its annual user conference:
Peter Goldmacher, an analyst at Cowen & Co., recently said that Infor is emerging as a legit third option to Oracle and SAP in applications. Infor, a privately held ERP company with about $3 billion in revenue, is a rollup of more than 60 acquisitions such as Baan and Lawson. Goldmacher said:
Over the last two years, the normally low profile company has been even quieter than usual, as it has capitalized on the advantage of being privately held to 1) Rewrite virtually its entire suite of apps and infrastructure software, 2) Make massive investments in its UI to materially close the gap between enterprise and consumer software usability, 3) Introduce new products like Mingle to insert content into process flows, and 4) Turn over 75% of its sales force to improve its go to market capabilities. In our view, these radical changes are helping Infor improve maintenance renewal rates, but more importantly, win net new customers.
Infor's plan is to target companies with $100 million to $5 billion in revenue with functionality across products, vertical targeting and better usability with its core manufacturing and financial applications.