Info Acquires SSA Global

Share this article:

SSA Global Technologies Inc., an extended enterprise solutions and services provider, announced yesterday the signing of a definitive agreement under which Infor, a large global enterprise software provider targeting the manufacturing and distribution industries, will acquire SSA Global.

Under the terms of the agreement, Alpharetta, GA-based Infor has agreed to pay $19.50 per share in cash to SSA Global's shareholders. The deal was approved by SSA Global's Special Committee of independent directors, as well as the Board of Directors. The parties anticipate closing the transaction in the third calendar quarter of 2006.

In October, Chicago-based SSA Global completed the acquisition of Epiphany Inc., a customer relationship management provider. Epiphany is operated as a wholly owned subsidiary of SSA Global. With Epiphany, SSA Global provides a CRM offering that includes outbound and inbound marketing, sales, service and analytics. The closing is subject to certain customary conditions, including receipt of regulatory approvals and SSA Global shareholder approval. Certain shareholders representing approximately 84 percent of SSA Global's outstanding shares have entered into voting agreements to support the merger.

Infor said that the acquisition will make the company the third largest enterprise software provider in the industry with approximately $1.6 billion in revenue. "In a rapidly consolidating marketplace we have seen that size and scale matter," said Mike Greenough, chairman, president and CEO of SSA Global, in a statement. "This transaction brings value to all of our key stakeholders … our investors, our customers and our employees."

Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Data/Analytics

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs:

Featured Listings

More in Data/Analytics

MeritDirect Opens San Jose Office

MeritDirect Opens San Jose Office

A force in direct mail, the company looks to expand its digital data services with a footprint in Silicon Valley.

Neustar Decides to Hand Data Over to its Clients

Neustar Decides to Hand Data Over to its ...

AK Media Insights Pro turns data over to marketers to create business-specific aggregations, integrate offline efforts, and probe deeper into their sales funnels.

Arthur Hughes, Who Wrote the Book on Database Marketing, Dies at 86

Arthur Hughes, Who Wrote the Book on Database ...

First published in the early days of the Web, Arthur Middleton Hughes's Strategic Database Marketing remains a bible for direct marketers.