Infor, the cloud upstart company, has made another big move in the cloud business — this time, however, it’s on the commerce side.
Infor announced yesterday (Aug. 11) that it has agreed to acquire GT Nexus, a cloud-based global commerce platform, for $675 million. GT Nexus is a company with a business customer base of 25,000 that ranges from companies in the logistics service providers to global financial institutions.
“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.
By taking over GT Nexus, Infor will be able to provide an upgrade to the manufacturing industry by redefining how the global commerce cloud is managed. And it will be able to do so with some major customers. GT Nexus customers include adidas Group, Caterpillar, Columbia Sportswear, DHL, Home Depot, Levi Strauss & Co., Maersk, Pfizer, Procter & Gamble, and UPS.
“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. Specialization and speed are moving the future of manufacturing into the commerce cloud.”
Infor will be able to leverage GT Nexus’ global order management system in a manner that helps commerce companies better coordinate across retail channels and partners. To better help suppliers manage and optimize shipments to customers, distribution centers, and retail outlets, the cloud commerce platform can help its customers in the retail, fashion, and manufacturing companies better work together to meet consumer demand.
GT Nexus also has a stake in the payments industry as it manages more than $20 billion in payments between buyers and their suppliers across 90 countries and eight currencies. Through the GT Nexus cloud support, the company offers buyers and financial institutions pre- and post-export financing and payment protection.
The acquisition of GT Nexus will also help propel Infor’s commerce goals as the company already has more than 3,200 fashion and retail customers. By adding Infor CloudSuite technology to the GT Nexus network, the companies claim that it can help businesses better integrate merchandising, marketing, and demand data into their overall sales, operations, and production management.
Retailers and manufacturers can also tap into Infor’s omnichannel eCommerce platform to help build its customer engagement efforts and send orders directly through the commerce cloud.
According to an Infor news release on the deal, “The combination of Infor CloudSuite applications and GT Nexus will represent the future of multi-enterprise manufacturing and commerce. Increasing specialization creates more complex supply chains that require a unifying cloud service that are replacing monolithic ERP systems.”