Business software company Infor has agreed to acquire GT Nexus, a cloud-based supply chain platform, for US$675 million. The deal is expected to close within 45 days, pending regulatory approval.
Both companies are based in the United States – Infor in New York and GT Nexus in California. The marriage between these two companies, they say, will create the first “global commerce cloud,” with end-to-end control and visibility for the production of direct goods.
Infor makes enterprise resource planning (ERP) software, which helps manufacturing companies track various components of their business. Among its customers, the company supports aerospace, pharmaceutical and technology companies.
Charles Phillips, CEO of Infor, said that everyone involved in today’s complex, high-velocity supply chains need to know what was ordered, when it was built, where it is in transit, whether the order gets changed and whether it clears customs. “Specialization and speed are moving the future of manufacturing into the commerce cloud,” he added.
GT Nexus provides a cloud-based order management system that coordinates commerce in the retail, fashion and manufacturing sectors so they can collaborate with suppliers and manage shipments. GT Nexus customers include Adidas, Caterpillar, Columbia Sportswear, DHL, Home Depot, Levi Strauss & Co., Maersk, Pfizer, Procter & Gamble and UPS. The company has also facilitated more than $20 billion in payments between buyers and their suppliers in 90 countries and in eight currencies. Buyers and financial institutions offer pre- and post-export financing and payment protection through the GT Nexus Cloud.