Infor Buys Workbrain for About $200 Million
April 3, 2007 Alex Woodie
Infor yesterday announced plans to acquire Workbrain, a publicly traded developer of workforce management software, for about $227 million (or $196 million in U.S. Dollars). Workbrain, which is based in Toronto, Ontario, was founded seven years ago, and quickly became one of the leading developers of software that helps big companies manage workforce processes. Its Windows- and Unix-based offerings included labor forecasting, employee schedule optimization, time and attendance, workforce analytics, and employee self-service, and it counted several large companies as customers, including British Airways, General Mills, and Target. While Workbrain grew revenue and profits consistently over its seven-year life, |