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Enterprise software provider Infor has signed an agreement to acquire SSA Global, Chicago, IL, a provider of extended enterprise solutions and services. The acquisition will make Infor a $1.6 billion company.
Under the terms of the agreement, Infor has agreed to pay $19.50 per share in cash to SSA Global's shareholders. The parties anticipate closing the transaction in the third calendar quarter of 2006.
'With this acquisition, Infor will become the third largest enterprise software provider in the industry with approximately $1.6 billion in revenue,' said Jim Schaper, Infor's chairman and CEO.
"In a rapidly consolidating marketplace we have seen that size and scale matter,' said Mike Greenough, chairman, president and CEO of SSA Global.
Infor is one of the largest global software providers focused on enterprise applications in select verticals in manufacturing and distribution industries. With more than 3,100 employees in 50 global offices, Infor has nearly 24,700 customers in more than 100 countries.
About SSA Global
SSA Global is a provider of extended ERP solutions for manufacturing, distribution, retail, services and public organizations worldwide. Headquartered in Chicago, SSA Global has more than 50 locations worldwide and its product offerings are used by customers in more than 90 countries.