ERP business Infor has announced it has entered into an agreement to acquire GT Nexus, the world's largest cloud-based global commerce platform, for $675 million (£433 million).
Over the last five years GT Nexus has threatened an IPO and has variously been rumoured to be snapped up by a number of potential suitors including SAP, Facebook and HP, but finally it’s been snapped up by Infor. The new combined business will create a single solution for manufacturing and retail businesses that covers the complete product lifecycle from raw materials through to purchase and provides all the necessary analytics for the process. To do this Infor will add its Infor CloudSuite technology to the GT Nexus network to integrate merchandising, marketing, and demand data. Additionally, the new solution will also feature collaborative design as part of the network and capabilities such as transmission of changes in the bill of materials from Infor’s Product Lifecycle Management (PLM) solution.
Infor will also enable social collaboration for unstructured processes within the supply chain on GT Nexus through its Infor Ming.le social platform for collaborative business processes. Retailers and manufacturers will also be able to leverage Infor Rhythm, Infor’s omnichannel e-commerce platform for engagement and direct order flow into the commerce cloud.
GT Nexus and Infor CloudSuite have similar architectures; both have a single canonical map for orders, are event driven, and make use of open source components. Unlike other B2B information exchanges, GT Nexus is a network cloud service with one code base for all customers providing a single view of the order across the value chain. The canonical map allows suppliers to join the network once and talk to all buyers, as opposed to implementing custom maps and portals for each buyer, required in legacy networks.
“Together, Infor and GT Nexus will provide customers with unprecedented visibility into their supply chains to manage production and monitor goods in transit and at rest,” said Charles Phillips, CEO of Infor. “In a complex, high velocity supply chain, all partners need to know what was ordered, when it was built, where it is in transit, if the order has changed, and has it cleared customs. Specialization and speed are moving the future of manufacturing into the commerce cloud.”
The GT Nexus cloud platform is used to monitor and orchestrate global supply chains and is used by 25,000 businesses worldwide including Adidas, Caterpillar, DHL, Levi Strauss, Maersk, Pfizer, Procter & Gamble, and UPS.
“Infor is a great home for GT Nexus, and we're excited to join forces with a company with a strong manufacturing, retail, and supply chain pedigree,” said Sean Feeney, CEO of GT Nexus.