With a price tag of $675m, the deal is expected to close within 45 days of the August 11 announcement. GT Nexus is host to some 25,000 businesses, managing more than $100bn in goods each year. It provides a global order-management system that coordinates commerce across partners. The network integrates directly into the systems of buyers and suppliers. Buyers transmit order data through GT Nexus to suppliers, financial institutions, freight carriers and logistics providers. GT Nexus manages the master record of the order across multiple partners. It also facilitates more than $20bn in payments between buyers and suppliers in 90 countries, in eight currencies. Infor is a vendor of enterprise resource planning (ERP) software, serving industries such as healthcare, manufacturing, fashion, wholesale distribution, hospitality, retail and the public sector.
