|
by David R. Brousell, MA Editorial Staff, Alan Alper, MA Editorial Staff Posted on Monday, May 15, 2006 7:25:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    The ongoing consolidation of the enterprise software market took a major step forward today with the announcement that Infor, an Atlanta-based company that has acquired 18 software providers since its founding in 2002, will buy SSA Global Technologies, Inc., which itself has acquired a dozen companies since 2001, in a deal valued at $1.6 billion. The deal, which Infor and SSA officials expect to close sometime in the third quarter, pending SSA shareholder and regulatory approvals, will create the enterprise application market's third-largest company behind Oracle and market leader SAP. It would also return SSA, which went public about a year ago, to the status of a privately held business under Infor. "This is a huge move," said SSA chairman and chief executive Mike Greenough, referring to the acquisition. "There are now two huge battleships and one huge destroyer coming together." [Click to continue] |
|
|
|
|