On 2 Aug 2006, Infor, a portfolio company of Golden Gate Capital, accelerated its market share by acquiring Extensity, a leading financial performance management company and Systems Union Group, the UK based financial and performance management solutions provider. With the acquisition, Infor now has annual revenues totalling $2.1bn, offices in 100 countries and approximately 70,000 customers. Visit Infor for the full press release.
What is the impact of this acquisition has on ebdex? Quite a bit! My planned meeting with a senior executive of Pegasus, which is owned by System Union Group has now been postponed. However, the acquisition also increases opportunities for ebdex in the long run!