New York-headquartered Infor, recently announced it has entered into an agreement to acquire GT Nexus, for $675 million, pending approval by regulators.
Approximately 25,000 businesses rely on GT Nexus, the world’s largest cloud-based global commerce platform, including six of the top ten logistics services providers and 30 global financial institutions, all managing more than $100bn in goods each year using its cloud-based business network.
“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,” stated Charles Phillips, CEO, Infor.
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 8 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,” affirmed Sean Feeney, CEO of GT Nexus.
With 13,000 employees and customers in more than 200 countries and territories, Infor builds software that automates critical processes for industries including healthcare, manufacturing, fashion, wholesale distribution, hospitality, retail, and public sector.
