CPE Media News – pcJournal (9/17/2018) – Infor, a portfolio company of Koch Equity Development, Golden Gate Capital and Summit Partners, has acquired Vivonet from Marlin Equity Partners.
Infor, a New York based provider of industry-specific cloud applications, said the acquisition extends Infor’s suite of solutions for hospitality with point-of-sale (POS) and inventory and procurement functionality for companies in the food service management, full and quick service restaurant, and hotel food and beverage micro-verticals.
Founded in 2000, Vancouver based Vivonet offers solutions for POS, kiosks, kitchen systems, payments, labor scheduling, and food and labor cost management. Marlin Equity Partners acquired Vivonet in December 2012.
Golden Gate Capital formed Infor from the acquisition of a division of Systems & Computer Technology (SCT) in November 2002. in 2012, Golden Gate Capital and Summit Partners completed merger and recapitalization of Infor and Lawson Software. In November 2016, Koch Equity Development, the investment arm of Koch Industries, paid US $2.5 billion for four seats out of nine-memeber Infor board of directors.
photo credit: Vivonet
News Release
Infor Acquires Vivonet
Leading Point-of-Sale Extends Infor’s Suite of Solutions for Hospitality with Key Functionality
NEW YORK – Sep 17, 2018
Infor, a leading provider of industry-specific cloud applications, today announced it has acquired Vivonet, Inc., an industry leader in cloud-based hospitality solutions. The acquisition extends Infor’s suite of solutions for hospitality with point-of-sale (POS) and inventory and procurement functionality for companies in the food service management, full and quick service restaurant, and hotel food and beverage micro-verticals.
Founded in 2000, Vancouver, BC-based Vivonet offers solutions for POS, kiosks, kitchen systems, payments, labor scheduling, and food and labor cost management. Vivonet products are deployed at more than 4,000 locations, with customers including Sodexo, Delaware North, Booster Juice, Burger 21, Pita Pit, and Texas Chicken & Burgers.
“Vivonet’s specialized applications are highly complementary to Infor, creating a more comprehensive suite for customers, and expanding our marketing opportunity into three new foodservice micro-verticals,” said Charles Phillips, CEO of Infor. “Last-mile industry functionality enables Infor customers to use the cloud to harness the power of their mission-critical data to transform their business with machine learning, predictive analytics, and artificial intelligence.”
Infor is one of the world’s largest providers of hospitality software. Its customers include 6 of the top 10 largest hotel brands, and its products are in use at almost 20,000 hotel and casino locations worldwide. Infor Hospitality solutions, which include robust capabilities for property management, revenue management, asset and incident management, analytics, and artificial intelligence, will be extended with POS from Vivonet.
The terms of the transaction are not being disclosed.
About Vivonet
Established in 2000, Vivonet is a leading provider of consumer, operational and enterprise level cloud-based technology solutions for the hospitality industry. Processing millions of transactions every month for thousands of customers across Canada and the United States, Vivonet solutions provide hospitality businesses with insights and intelligence to help them unlock business potential and improve organizational performance. Learn more at www.vivonet.com.
About Infor
Infor builds business software for specific industries in the cloud. With 16,500 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.