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.
Source: https://www.pehub.com/2019/01/infor-gets-1-5-billion-more-in-funding-ahead-of-planned-ipo-reuters/
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