RealTime IT News

Infor Acquires Lawson in ERP Merger

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