Yes, that’s a “b”and not an “m”: Koch Equity Development is putting $2 billion into Infor, a software company partly in the human resources/workforce planning/assessment field.
If you’re curious, yes, it’s the Koch you may have heard of.
Koch Equity is an investment arm of Koch industries, one of the largest private companies around, second to Cargill, according to Forbes. The parent Koch company has about $100 billion in revenue and about 100,000 employees.
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The deal is expected to close in early 2017.
Infor isn’t as well known as SAP and Oracle, but the money infusion could help it give them a run for their money. It has 15,000 employees and over 90,000 customers in more than 200 countries, with more than 66 million users of its applications. It has added by acquisition over the years a variety of companies you may have heard of if you’ve been around the recruiting/human resources technology block for a while. These include Lawson, Workbrain, People Answers (which measures the fit of job candidates), and others.