Infor Acquires Lawson in ERP Merger
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Infor and Lawson Software (NASDAQ: LWSN)officially announced their intention to merge today.
The deal will create a new titan in the ERP marketplace. The combined Infor and Lawson Software business will be the third largest ERP vendor after SAP and Oracle.
Infor sees Lawson as a natural strategic partner for Infor, offering complementary software solutions.
"Lawson's and Infor's respective best-of-class solutions will enable us to expand our commitment to our customers, delivering comprehensive ERP suites," Infor CEO and former Oracle president Charles Phillips said.
Lawson noted that the $11.25 a share price is a 14 percent premium to Lawson's closing share price on March 7, the last trading day before news reports speculated about a potential merger.
Read the full story at eCRMGuide:
Infor, Lawson Create Top Three ERP Vendor with Merger