← Embedded Finance Index 2026

Infor

“Can a vertical-first, acquisition-built cloud ERP suite become the third serious enterprise-software platform alongside SAP and Oracle by owning industry-specific workflows on AWS?”

Founded2002
HQAtlanta, GA / New York, NY, United States
Total raised$3.5B+ equity plus $6.1B debt (pre-acquisition)
Latest roundAcquired by Koch Industries (2020)
Valuation~$13B (2020 acquisition)
IndustryHorizontal SaaS / ERP
The story

Founded 2002 as Agilisys spinning process-manufacturing ERP out of SCT Corp, Infor grew primarily through acquisitions of vertical ERP assets (backed by Golden Gate Capital and Summit Partners) and rebranded as Infor after acquiring Infor Business Solutions AG in 2004. Koch Industries became progressively larger investor from 2017 onward and acquired the company outright in 2020 for ~$13B, taking Infor private and scrapping IPO plans. Modern Infor is a vertical-focused cloud ERP suite (CloudSuite) on AWS, competing with SAP and Oracle by leaning on industry-specific applications rather than horizontal breadth.

Last 12 months
2024-08
Product timeline
2002
Spun out of Systems & Computer Technology Corp as Agilisys with 1,300 process-manufacturing ERP customers· pivot
2004
Acquired Infor Business Solutions AG (Germany) and rebranded from Agilisys to Infor Global Solutions· acquisition
2017
$2B+ investment from Koch Equity Development· funding
2019
$1.5B pre-IPO investment led by Koch and Golden Gate Capital· funding
2020
Acquired outright by Koch Industries in ~$13B deal; became Koch subsidiary· acquisition
2024
Selected Amazon Bedrock to power embedded GenAI across Infor CloudSuite· product
Acquisitions
Infor Business Solutions AG2004
German ERP vendor whose acquisition triggered the Agilisys→Infor rebrand
The stack
2 layers disclosed in Infor’s embedded-finance stack
Payments / PSP
AdyenCenPOSStripeKodaris
Lending
in the full report
Accounting gap: none
7 more providers across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.