ATLANTA, Georgia – Oct 25, 2010 The board of directors of Infor, the leading provider of business applications to mid-sized companies, today announced that it has named Charles Phillips as chief executive officer and a member of the board of directors.
Mr. Phillips has over 20 years of leadership experience in the software industry, most recently as president and director of Oracle Corporation (NASDAQ: ORCL). At Oracle, Mr. Phillips led the company’s field organization and oversaw revenue growth of nearly 300 percent during his seven-year tenure at the firm. He also played a key role in Oracle’s successful acquisition strategy including specific transactions such as BEA Systems, Hyperion Solutions, and Siebel Systems.
“Infor has quietly built the third largest enterprise applications company in the world, with 59 percent compound annual revenue growth over the last seven years, higher margins than eight of the top 10 application companies, and a track record of leading innovation,” said Mr. Phillips. “With over 70,000 customers in 125 countries, including divisions of large corporations, Infor is poised for growth as the next generation platform ships in January.” Mr. Phillips continued: “The company’s laser focus on understanding and automating complex business processes, along with its commitment to constant innovation, has served customers well. I am eager to lead this proven team of over 8,000 employees through its next phase of growth. In a consolidating industry, Infor has proven acquisition expertise, having successfully integrated over 70 companies.”
Jim Schaper, Infor’s current chairman and CEO, will remain chairman of the Company, and continue to play a critical role in the Company’s strategic development. Mr. Schaper also will serve as a senior operating partner at Golden Gate Capital, Infor’s primary shareholder.
“Charles Phillips is a proven executive who brings Infor the diverse skill set, direct industry experience, and track record of performance necessary to lead the Company to continued growth,” said Mr. Schaper. “He is a true visionary in the technology industry and has a unique perspective drawn from his experience at one of our leading industry peers, in addition to his years on Wall Street.”
David Dominik, managing director of Golden Gate Capital, said, “Jim Schaper has been instrumental in growing Infor to a global company with nearly $2 billion in annual revenues today. We welcome Charles’ tremendous management experience at a leading public global technology company and look forward to supporting him as Infor accelerates its growth initiatives and unveils new products and services.”
Mr. Phillips joins Infor at a key inflection point in the company’s trajectory, with the next generation of applications shipping in January. Infor ION will provide common workflow, business process monitoring and management across Infor applications, whether on premise or in the cloud. In addition, the Company will ship its applications with a common user interface, portal, business intelligence tools, and collaboration technologies to incorporate services from all of its major product lines.
Prior to joining Oracle, Mr. Phillips was a managing director at Morgan Stanley covering the software sector. He also served as a captain in the United States Marine Corps before starting his Wall Street career.
Infor is the largest provider of business applications to mid-sized companies, with over 8,000 employees serving over 70,000 customers in 125 countries. Infor focuses on two core beliefs: the importance of constant innovation and the value of laser focus on its customers. Infor delivers software that is simple to buy, easy to deploy, and convenient to manage.
Infor’s focus on automating key business processes and integrating over 70 acquisitions of proven and widely deployed application products has served its customers well. These customers include:
- The top 10 aerospace companies
- Over 450 major apparel and footwear companies
- 14 of the world’s top 25 automotive suppliers
- Nine of the top 10 high tech companies
- More than 4,500 machinery manufacturers
- 21 of the top 35 life sciences companies
- Nearly half of the top 100 electrical distributors
- 1,000 financial services companies
- 2,000 municipalities and government agencies
- 22 of the top 50 global retailers
- Seven of the top 10 brewers
For additional information about Infor, please visit www.infor.com.