Infor to Acquire SSA Global
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, ...