Lawson accepts $2 billion takeover bid by Infor

The combined company will be one of the industry's largest ERP vendors after SAP and Oracle

Lawson Software has agreed to be purchased by an Infor affiliate GGC Software Holdings for roughly $US2 billion, the company announced Tuesday.

The deal will create one of the industry's largest ERP (enterprise resource planning) software vendors after SAP and Oracle, and is expected to close in the third calendar quarter of this year.

The announcement comes about six weeks after Infor first made an unsolicited offerfor Lawson, which is known for its strong presence in verticals such as health care.

While many observers expected counteroffers from the likes of Oracle to emerge, none did publicly.

However, in a statement Tuesday, Lawson said it had "conducted a comprehensive market assessment and contacted other potential acquirers including competing global providers of enterprise applications and financial buyers, a process that did not result in a superior proposal."

"We are pleased to have entered into a transaction that will offer Lawson stockholders an attractive valuation," Lawson CEO Harry Debes said in a statement.

GGC Software Holdings is linked to Infor and its private equity firm backer Golden Gate Capital. Privately held Infor, which has grown through a long series of acquisitions, has reported revenue in the neighborhood of $2 billion. Lawson reported revenues of $736.4 million in its 2010 fiscal year.

Infor last year appointed former Oracle president Charles Phillips as CEO. Phillips is credited with playing a key role in Oracle's many purchases of software vendors.

"Lawson is a natural strategic partner for Infor, offering complementary software solutions that will extend our existing portfolio, particularly in areas such as health care, public sector, manufacturing and human capital management," Phillips said in a statement.

Chris Kanaracus covers enterprise software and general technology breaking news for The IDG News Service. Chris's e-mail address is Chris_Kanaracus@idg.com

Join the Good Gear Guide newsletter!

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags business issuesMergers / acquisitionsapplicationsenterprise resource planningLawson SoftwaresoftwareInfor Global SolutionsOracle

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Chris Kanaracus

IDG News Service
Show Comments

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Matthew Stivala

HP OfficeJet 250 Mobile Printer

The HP OfficeJet 250 Mobile Printer is a great device that fits perfectly into my fast paced and mobile lifestyle. My first impression of the printer itself was how incredibly compact and sleek the device was.

Armand Abogado

HP OfficeJet 250 Mobile Printer

Wireless printing from my iPhone was also a handy feature, the whole experience was quick and seamless with no setup requirements - accessed through the default iOS printing menu options.

Azadeh Williams

HP OfficeJet Pro 8730

A smarter way to print for busy small business owners, combining speedy printing with scanning and copying, making it easier to produce high quality documents and images at a touch of a button.

Andrew Grant

HP OfficeJet Pro 8730

I've had a multifunction printer in the office going on 10 years now. It was a neat bit of kit back in the day -- print, copy, scan, fax -- when printing over WiFi felt a bit like magic. It’s seen better days though and an upgrade’s well overdue. This HP OfficeJet Pro 8730 looks like it ticks all the same boxes: print, copy, scan, and fax. (Really? Does anyone fax anything any more? I guess it's good to know the facility’s there, just in case.) Printing over WiFi is more-or- less standard these days.

Ed Dawson

HP OfficeJet Pro 8730

As a freelance writer who is always on the go, I like my technology to be both efficient and effective so I can do my job well. The HP OfficeJet Pro 8730 Inkjet Printer ticks all the boxes in terms of form factor, performance and user interface.

Michael Hargreaves

Windows 10 for Business / Dell XPS 13

I’d happily recommend this touchscreen laptop and Windows 10 as a great way to get serious work done at a desk or on the road.

Featured Content

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?