Geac Swallowed by the Golden Gate (Infor)
November 7th, 2005 by Adam Cuothe
Agilisys (in name), MAPICS, Lilly, and now Geac. Infor is swallowing peers with the same voracity of SSA Global (nevermind the incestuous activities of Oracle). According to Geac’s press release:
…As part of the reorganization, Infor, an existing Golden Gate Capital funded company, will acquire Geac’s ERP software products including System21, Runtime, RatioPlan, Streamline, and Management Data and the employees who support them will move to Infor…
Which puts Infor in a stronger global position for the discrete, process, distribution, and other ERP industries. It doesn’t end here though, look for some new financial solutions to be named soon (as a result of the Golden Gate Gutting Co’s activities).
…Geac’s financial applications and the Industry Specific Applications (ISA) will become the two business groups under a newly formed Golden Gate Capital funded company, which will be named prior to the transaction closing…
Wonder how the Geac employees will fare? Interesting since hearing recent announcements on the low Canadian unemployment rate “the unemployment rate dipped 0.1 percentage points to 6.6%, the lowest in three decades.” according to Statistics Canada.
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