Infor to acquire GT Nexus

Infor has announced it has entered into an agreement to acquire GT Nexus, the world’s largest cloud-based global commerce platform, for $675 million.

Approximately 25,000 businesses rely on GT Nexus, including six of the top 10 logistics service providers and 30 global financial institutions, all managing more than $100 billion in goods each year using its cloud-based business network.

Infor is a leading supplier of ERP software, which helps manufacturing companies orchestrate production inside the walls of the enterprise. The continued shift to contract manufacturing moves the shop floor outside of the brand owner’s ERP system to the ERP of their suppliers — many of which are existing Infor customers. It is now common for a single product to be designed, manufactured and shipped by different companies, requiring a common cloud for coordination.

GT Nexus provides a global order management system that coordinates commerce across partners. Retail, fashion and manufacturing companies can collaborate with suppliers to manage and optimise shipments to customers, distribution centres and retail outlets to meet demand. The cloud was designed to enable this collaboration.

“Together, Infor and GT Nexus will provide customers with unprecedented visibility into their supply chains to manage production and monitor goods in transit and at rest,” said Charles Phillips, CEO of Infor. “In a complex, high-velocity supply chain, all partners need to know what was ordered, when it was built, where it is in transit, if the order has changed and has it cleared customs. Specialisation and speed are moving the future of manufacturing into the commerce cloud.”

The GT Nexus network integrates directly into the order management system of the buyers and suppliers. Buyers transmit order information through GT Nexus to their suppliers, financial institutions, freight carriers and logistics providers. GT Nexus becomes the order management system for the entire network by managing the master record of the order across multiple partners.

GT Nexus also facilitates more than $20 billion in payments between buyers and their suppliers in 90 countries and in eight currencies. Buyers and financial institutions offer pre- and post-export financing and payment protection through the GT Nexus cloud.

“Infor is a great home for GT Nexus, and we’re excited to join forces with a company with a strong manufacturing, retail and supply chain pedigree,” said Sean Feeney, CEO of GT Nexus.