Infor’s Owners Gobble Up Geac for $1 Billion
November 8, 2005 Alex Woodie
The equity group behind Infor yesterday announced a $1-billion plan to acquire Geac, a provider of ERP software for numerous platforms, including the iSeries. Golden Gate Capital, the private equity firm that has funded about a dozen Infor acquisitions over the last several years, plans to split Geac up into three components, with System21 and other ERP products going to Infor, and Geac’s industry specific and financial applications becoming two units of a newly created company. Geac, you will remember, was on the leading edge of the wave of consolidation in the 1990s, when it acquired about 100 software |