Infor to acquire GT Nexus
October 14, 2015 12:16 pm
ERP software supplier Infor has entered into an agreement to acquire GT Nexus, the cloud-based global commerce platform, for $ 675 million. The deal is expected to close within 45 days, pending regulatory approval.
Approximately 25,000 businesses rely on GT Nexus, including six of the top 10 logistics service providers and 30 global financial institutions, all managing more than $ 100 bn in goods each year using its cloud-based business network. GT Nexus customers include adidas Group, Caterpillar, Columbia Sportswear, DHL, Home Depot, Levi Strauss & Co., Maersk, Pfizer, Procter & Gamble, and UPS.
Infor helps manufacturing companies orchestrate production inside the walls of the enterprise. The continued shift to contract manufacturing moves the shop floor outside of the brand owner’s ERP system to the ERP of their suppliers – many of which are existing Infor customers. It is now common for a single product to be designed, manufactured, and shipped by different companies, requiring a common cloud for coordination.
GT Nexus provides a global order management system that coordinates commerce across partners. Retail, fashion, and manufacturing companies can collaborate with suppliers to manage and optimize shipments to customers, distribution centres, and retail outlets to meet demand. The cloud was designed to enable this collaboration.