Golden Gate Capital, Infor complete acquisition of Lawson Software

Wednesday, July 6, 2011

GGC Software Holdings - an affiliate of private equity firm Golden Gate Capital - and business software provider Infor have closed the purchase of US ERP provider Lawson Software (Nasdaq: LWSN), the companies announced in a joint statement.

As part of the agreement, Lawson's stockholders will receive US$11.25 per share in cash, without interest.

Lawson is a global provider of business application software, maintenance and consulting to customers in the service sector and trade and manufacturing industries.

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In addition to Infor and Lawson's portfolio, the companies also share a large base of common clients, which present cross-sell opportunities - where 9% of Lawson's active customers also use Infor products and 48% of Lawson's top revenue customers use at least one of Infor's applications.

Infor has more than 70,000 customers worldwide.