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by David R. Brousell, MA Editorial Staff
Posted on Wednesday, August 02, 2006 6:12:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox   Infor, which completed its $1.6 billion acquisition of SSA Global just last Friday, said today that it is acquiring yet another software company -- Extensity, a developer of financial and other software products for mid-market companies. Extensity had been part of Geac Computer Corp., which was sold last November for $1 billion to private equity firm Golden Gate Capital, Infor's major backer. At that time, Infor only bought a select number of Geac's software products which did not include Extensity's offerings. Today, Infor said that, through a financial transaction that involved a recapitalization of Infor to complete its acquisition of SSA and a transfer of Extensity-related equity and debt, it had acquired Extensity and a U.K.-based financial and performance management software provider called Systems Union Group, which itself was acquired by Extensity in April. [Click to continue]  |
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