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 newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags enterprise resource planningOraclebusiness issuessoftwareapplicationsMergers / acquisitionsInfor Global SolutionsLawson Software

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

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Maryellen Rose George

Brother PT-P750W

It’s useful for office tasks as well as pragmatic labelling of equipment and storage – just don’t get too excited and label everything in sight!

Cathy Giles

Brother MFC-L8900CDW

The Brother MFC-L8900CDW is an absolute stand out. I struggle to fault it.

Luke Hill

MSI GT75 TITAN

I need power and lots of it. As a Front End Web developer anything less just won’t cut it which is why the MSI GT75 is an outstanding laptop for me. It’s a sleek and futuristic looking, high quality, beast that has a touch of sci-fi flare about it.

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Featured Content

Product Launch Showcase

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?