Dive Brief:
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Infor announced it will acquire global order-management platform provider GT Nexus for $675 million.
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With the purchase, Infor seeks to improve its cloud and supply-chain management capabilities.
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Over 25,000 businesses — including Home Depot, Procter & Gamble and UPS — use GT Nexus technology to manage more than $100 billion in goods each year.
Dive Insight:
GT Nexus’ software is designed to let companies collaborate with global suppliers and optimize shipments via a network that integrates directly into buyers’ and suppliers’ order-management systems.
Paul Hamerman, a Forrester Research analyst, said that because GT Nexus is a fully cloud-based supply-chain platform, the purchase will help Infor speed up its switch from on-premises software to true multitenant cloud.
According to Infor, the joining of the two companies will let Infor offer customers a "global commerce cloud that gives them end to end control and visibility for the production of direct goods."
