NEW YORK - Jul 11, 2017
Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced that Koch Industries, an American multinational corporation estimated by Forbes to be the second largest privately-held company in the United States with annual revenue of approximately $100 billion, will implement Infor CloudSuite for financial and human capital management. Looking for a modern solution to power critical business applications, Koch Industries, with more than 120,000 employees, selected Infor because the organization has the scale, vision, and proven track record to deliver a digital platform for the Global 5000.
"Technology should never be the limiting factor to the growth of an organization, and an innovative, scalable solution is key to becoming a better and faster organization, especially when it comes to managing people and money," said Steve Feilmeier, chief financial officer, Koch Industries. "Koch invested in Infor not only because of its high growth trajectory, but because of the transformative effect Infor applications can have in supporting expansion and growth at Koch Industries."
Koch Industries, which earlier this year purchased an interest of more than $2 billion in Infor, will deploy Infor CloudSuite to meet financial management, procurement, and human capital management needs with enterprise-wide visibility and the flexibility to support Koch's consistent growth. CloudSuite provides support and insight to the C-Suite from all angles, and includes functionality needed by the executive team and their organizations including CFOs, CIOs, CPOs and CHROs. The flexibility of Infor's ION architecture will enable Koch to integrate and deploy additional Infor applications in the future for increased visibility, control, and deeper insights in other areas of the business.
"The selection of Infor CloudSuite to manage core HR and finance processes for Koch Industries, one of the world's largest and most respected companies, is a testament to the solutions' robust functionality, flexibility, maturity, and scale," said Stephan Scholl, president of Infor. "By moving these core functions to the cloud, Koch will have the agility to support new and existing business, and will be well positioned to remain one of the world's most successful and admired companies for the foreseeable future."
About Koch Industries, Inc.
Infor builds business software for specific industries in the cloud. With 16,000 employees and over 90,000 customers in more than 170 countries, Infor software is designed for progress. To learn more about Infor, please visit www.infor.com.