INFOR COMPLETES ACQUISITION OF MAPICS
ATLANTA (April 19, 2005)—Infor, the largest global software provider to
exclusively focus on delivering integrated enterprise applications to select
verticals in the manufacturing and distribution industries, today announced it
has acquired MAPICS after receiving regulatory approvals and satisfying the
closing conditions of the transaction, originally announced in January.
With the completion of the acquisition, MAPICS is 100% 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 world-class solutions
and experienced professionals our customers need to remain competitive in a
global economy," said Jim Schaper, Infor's chairman and chief executive
officer. "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 focused on
solving the essential challenges our customers face everyday."
MAPICS has been providing the manufacturing industry with ERP, CRM, PLM
and SCM 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.
"Infor will leverage the synergies between our products and MAPICS' to
develop innovative solutions that meet the evolving business requirements of
our combined customer base," said Robin Pederson, general manager and
senior vice president of Infor's Discrete Group. "By building solutions through
assembly and innovation, we're offering our customers a more diversified line
of products while also protecting their investment in both Infor and MAPICS
With the acquisition, Infor also extends its global reach through MAPICS'
strong affiliate and partner network. The MAPICS network complements
Infor's existing direct and indirect sales channels, enabling Infor to present a
broader, deeper product offering, additional global distribution, increased
implementation capability and expansion opportunities to organisations
throughout the world.
"Infor's solutions, experience and partnerships – backed by our financial
stability – ensure our ability to continually meet the specific needs of
manufacturers and distributors, offering them an unparalleled competitive
advantage for long-term growth," said Schaper.
Infor International Limited, a wholly owned subsidiary within the Infor Global
Solutions group, acquired MAPICS, Inc., a publicly traded manufacturing
applications provider headquartered in Alpharetta, Ga., USA. Terms of the
acquisition included the purchase of all MAPICS capital stock.
The acquisition was financed through equity capital provided by Golden Gate
Capital and Summit Partners, Infor's existing equity sponsors. Infor's senior
bank debt and subordinated debt was refinanced by a syndicate of banks led
by Lehman Brothers Inc. with Wells Fargo Foothill acting as syndication
agent. Lehman Brothers Inc. and Wachovia Securities acted as advisors to
Infor is the largest global software provider exclusively focused on delivering
world-class enterprise applications to select verticals in the manufacturing and
distribution industries. Infor delivers integrated best-in-class products that
address the essential challenges its customers face in areas such as supply
chain planning, relationship management, demand management, ERP,
warehouse management, marketing-driven distribution and business
intelligence. More information about Infor and its products can be found at
Chief Financial Officer
Infor Global Solutions
CORPORATE COMMUNICATIONS CONTACT:
VP Corporate Communications
Infor Global Solutions
PRESS CONTACT IN UK:
Infor Global Solutions UK Ltd
Telephone: +44 (0)1763 232222
Pattison Mitchell & Associates
Telephone: +44 (0)20 7924 7700
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