Infor said this week it plans to acquire supply chain management cloud software vendor for $675m, a move the company expects will strengthen and broaden the capabilities of its ERP software.
GT Nexus’ cloud-based supply chain management software is particularly popular with manufacturer and retailers. The company claims to have over 25,000 customers including the likes of Adidas Group, Caterpillar, Columbia Sportswear, Levi Strauss & Co., Maersk, Pfizer, and UPS.
Infor said the acquisition would strengthen its portfolio as the retail industry continues to shift towards contract-based manufacturing, where much of the activity and commercial production takes place outside the brand owner’s operations (and ERP platform).
The company said GT Nexus and Infor CloudSuite have very similar architectures, making them relateively straightforward to integrate.
“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 Charles Phillips, chief executive of Infor. “In a complex, high velocity supply chain, all partners need to know what was ordered, when it was built, where it is in transit, if the order has changed, and has it cleared customs. Specialization and speed are moving the future of manufacturing into the commerce cloud.”
Sean Feeney, chief executive of GT Nexus said: “Infor is a great home for GT Nexus, and we’re excited to join forces with a company with a strong manufacturing, retail, and supply chain pedigree.”
[“Source- businesscloudnews”]
