August 12, 2015, 15:23
Based in New York, Infor announced plans to buy the Californian developer of software solutions for supply chain management. GT Nexus will be absorbed over 675 million dollars.
One of the features of the solutions offered by GT Nexus is its web-based systems. The company is positioning their systems as cloud.
Founded in 1998 as a Tradiant, the company GT Nexus, is today one of the largest players in the segment of process automation trade and logistics in global supply chains. More than 25 thousand different businesses today use products GT Nexus, including big companies like adidas Group, Caterpillar, Columbia Sportswear, DHL, Levi Strauss & amp; Co., Maersk, Pfizer, Procter & amp; Gamble and UPS.
GT Nexus last year reported revenues of $ 150 million., And as pointed out in an interview with its president, Charles Phillips (Charles Phillips), the company is profitable. About 40% GT Nexus belongs to a private fund Warburg Pincus LLC, the rest of the founders of the company.
It is interesting to note that Charles Phillips before the lead GT Nexus has long served as president of Oracle, where he was responsible for sales, marketing and strategy in the period when Larry Ellison took pst CEO. In addition, the Board of Directors of GT Nexus enters Leo Apotheker (Léo Apotheker), who has long served on the management of SAP AG.
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