February 05 - 09:02
Koch Industries buys cloud ERP firm Infor in $13 billion acquisition
The enterprise cloud software company Infor has been bought by Koch Industries in a deal reportedly worth around $13 billion. Infor will become a standalone subsidiary of Koch Industries, and will continue to be operated by the company’s current management team from its HQ in New York City. Koch already owned a $2.5 billion stake in Infor and invested another $1.5 billion in the company last year.
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