Enterprise software provider Infor has agreed to buy SSA Global, a provider of enterprise services, to compete with market leaders Oracle Corp. and SAP AG. Infor has to pay USD 19.50 per share in cash to SSA Global’s shareholders, under the terms of the agreement.
"With this acquisition, Infor will become the third largest enterprise software provider in the industry with approximately USD 1.6 billion in revenue," said Jim Schaper, Infor’s chairman and CEO.
The transaction is expected to close in the third calendar quarter of 2006.
"In a rapidly consolidating marketplace we have seen that size and scale matter," said Mike Greenough, chairman, president and CEO of SSA Global. "This transaction brings value to all of our key stakeholders … our investors, our customers and our employees."
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