• The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
Menu
  • The Four Hundred
  • Subscribe
  • Media Kit
  • Contributors
  • About Us
  • Contact
  • Infor Snaps Up SoftBrands, Gets i OS-Based Hotel Suite

    August 18, 2009 Alex Woodie

    Infor and its equity partner, Gold Gate Capital, last week announced the acquisition of SoftBrands, an enterprise software developer based in Minneapolis. The deal nets Infor two main business lines, including FourthShift, an ERP package for mid size manufacturers, and a suite of i OS-based property management applications that is used by some of the world’s largest casinos.

    The pending acquisition of SoftBrands by Infor was previously announced by the two companies in June, and it closed this month. The deal calls for Infor and Golden Gate to pay $.92 per common share of SoftBrands stock, which was traded on the New York Stock Exchange. The total value of the deal is $80 million, which was close to book value for the company, which brought in $99 million in revenue for fiscal 2008, but whose stock value had dropped to less than $.30 per share this spring.

    The acquisition is the first for Infor in several years. The deal brings a new source of ERP for manufacturers. But more interestingly, the deal brings Infor the assets and software of the old Hotel Information Systems (HIS), which SoftBrands bought in 2006.

    SoftBrands’ Property Management System, or PMS, is used by some of the biggest properties in the world. The product, which was called Paragon many years ago and was recently re-written in Java and renamed Epitome, is a staple of the big casinos on the Vegas strip, which, not coincidentally, are also big users of the old Infinium System2000 products that Infor also owns.

    The deal puts Infor in direct competition with Agilysys, the IBM reseller which also owns several i OS applications that are widely used in the hospitality industry. Agilysys, you will remember, put itself up for sale a year ago. It seems plausible that Infor executives could have considered buying all or a portion of Agilysys. (Heck, Infor could have even changed the name of the company back to Agilisys!)

    In the end, the purchase of SoftBrands gives Infor a very strong position in the hospitality and casino industry.

    RELATED STORIES

    Infor Launches New CRM App for System i

    Infor Sheds More Light on ‘Flex’ Upgrade and Migration Programs

    Infor Spurs Customer Upgrades with ‘Flex’ Incentives

    Infor Battles Customers in Court Over License Fees

    Infor Carves Out a Dedicated System i Division

    Agilisys Not to Be Confused with Agilysys Anymore



                         Post this story to del.icio.us
                   Post this story to Digg
        Post this story to Slashdot

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Tags:

    Sponsored by
    Racksquared

    It’s time for IBM Power in the Cloud!

    Stop buying hardware and make the move to the cloud. It’s easier and more cost effective than you might think.

    • IBM Power in the Cloud
    • IBM Power Backup Solutions
    • IBM Power High Availability and DR solutions
    • IBM Power Colocation with Management and Monitoring

    Let’s talk about your business needs.

    Call: 855-380-7225

    Email: Sales@racksquared.com

    www.racksquared.com/ibmsolutions

    Share this:

    • Reddit
    • Facebook
    • LinkedIn
    • Twitter
    • Email

    Sponsored Links

    VAULT400:  White paper: National bike retailer "rolls" with Vault400
    Raz-Lee Security:  iSecurity Compliance Evaluator: Instant network-wide compliance checks
    COMMON:  Celebrate our 50th anniversary at annual conference, May 2 - 6, 2010, in Orlando

    IT Jungle Store Top Book Picks

    Easy Steps to Internet Programming for AS/400, iSeries, and System i: List Price, $49.95
    The iSeries Express Web Implementer's Guide: List Price, $49.95
    The System i RPG & RPG IV Tutorial and Lab Exercises: List Price, $59.95
    The System i Pocket RPG & RPG IV Guide: List Price, $69.95
    The iSeries Pocket Database Guide: List Price, $59.00
    The iSeries Pocket SQL Guide: List Price, $59.00
    The iSeries Pocket Query Guide: List Price, $49.00
    The iSeries Pocket WebFacing Primer: List Price, $39.00
    Migrating to WebSphere Express for iSeries: List Price, $49.00
    Getting Started With WebSphere Development Studio Client for iSeries: List Price, $89.00
    Getting Started with WebSphere Express for iSeries: List Price, $49.00
    Can the AS/400 Survive IBM?: List Price, $49.00
    Chip Wars: List Price, $29.95

    Q&A with TVMUG’s Don Rima Validate DBCS-Open Data

    Leave a Reply Cancel reply

Volume 9, Number 30 -- August 18, 2009
THIS ISSUE SPONSORED BY:

New Generation Software
Bytware
Profound Logic Software
Computer Keyes
East Coast Computer

Table of Contents

  • Stonebranch Bolsters i OS Support in Workload Automation Tools
  • ASTI Sees Promise in Plasmon’s UDO Technology
  • Data Control Issues Bring vLegaci QuickerApps to Market
  • Oracle Gives JDE More Supply Chain Planning Brains
  • Infor Snaps Up SoftBrands, Gets i OS-Based Hotel Suite
  • AES-256 Attacks Get More Sophisticated, But Security is Maintained
  • IdF in Reseller Deal with Dewpoint for Identity Management Software
  • Bsafe Adds AIX Support to Auditing and SIEM Product
  • Open Source Software Growing Faster Than Expected: IDC
  • Original Software Teams with AppLabs for Software Testing

Content archive

  • The Four Hundred
  • Four Hundred Stuff
  • Four Hundred Guru

Recent Posts

  • IBM Mulls Using DataMigrator as Cloud Warehouse Pipeline
  • PowerTech AV Automatically Detects Ransomware Activity
  • Infor Puts CM3 Project On Hold
  • Four Hundred Monitor, June 29
  • IBM i PTF Guide, Volume 24, Number 26
  • Guild Mortgage Takes The 20-Year Option For Modernization
  • IBM i Licensing, Part 3: Can The Hardware Bundle Be Cheaper Than A Smartphone?
  • Guru: The Finer Points of Exit Points
  • Big Blue Tweaks IBM i Pricing Ahead Of Subscription Model
  • We Still Want IBM i On The Impending Power E1050

Subscribe

To get news from IT Jungle sent to your inbox every week, subscribe to our newsletter.

Pages

  • About Us
  • Contact
  • Contributors
  • Four Hundred Monitor
  • IBM i PTF Guide
  • Media Kit
  • Subscribe

Search

Copyright © 2022 IT Jungle

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.