|Infor gets $1.5 billion more in funding ahead of planned IPO|
January 15, 2019
(Reuters) - Cloud technology company Infor Inc said on Wednesday it received an investment of $1.5 billion from shareholders Koch Equity Development LLC and private equity firm Golden Gate Capital.
The funding builds on Koch Equity’s investment of more than $2 billion in early 2017. Infor said it is considering a potential IPO in 2019 or 2020, subject to market conditions.
New York-based Infor helps firms automate businesses by offering specialized software licenses to specific sectors as opposed to selling a product to its customers across industries.
Infor said it had revenue of $3 billion in fiscal year 2018.
Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur