Infor Acquisitions Strengthen Industry-Centric Data
Foundation
NEW
YORK, July 11, 2024 /PRNewswire/ -- Infor, the
industry cloud company, has completed the acquisitions of Albanero,
a data migration and management partner, and Acumen, a Revenue
Growth Management and highly-specialized consulting company. Both
acquisitions strengthen Infor's focus on helping customers
understand how to translate the deep industry-centric data within
their environment into opportunities to generate greater value and
profitable growth.
"Infor's strategy remains fiercely focused on helping customers
unlock core value drivers within their industry-specific
operations," says Infor CEO Kevin
Samuelson. "The next wave of innovation is completely data
driven and generating real value from it begins with a secure
industry-rich data foundation." Both Albanero and Acumen advance
this core strategy by offering customers contextualized meaning to
their industry-specific data within their core ERP systems.
Albanero
Data migration and management capabilities are essential to
moving customers into a cloud environment and maximizing the value
of their solutions. What data is migrated, how it is structured,
and how a business maintains the integrity of that data is a
complex endeavor. Since 2022, Infor has partnered with Albanero to
make their data migration and data management capabilities
available to Infor customers.
Data migration typically involves bringing data from multiple
systems into the cloud environment. Albanero's established data
mesh platform is currently available to customers that are
harmonizing, migrating, and governing Data as a Service across
Infor's industry CloudSuite solutions and from external source
systems such as SAP, Oracle, Salesforce, Sage, and
NetSuite. With the intent to embed the Data Mesh platform
capabilities within Infor OS, the industry cloud platform, Infor
customers will have a consolidated enterprise view of a company's
data that is unmatched in the market today. Generally
cost-prohibitive for midmarket customers, this union of
capabilities will allow them to leverage technologies and
capabilities such as GenAI on top of an unparalleled data
foundation to advance their business differentiation.
Albanero's established data migration services and API connector
is currently available for customers adopting Infor's CloudSuite
for Food & Beverage, Fashion and Distribution industries. Work
is already in progress to fast-track these same services and
capabilities for Infor customers across industries.
"We are thrilled to become part of the Infor family. This union
represents a significant milestone for both companies, combining
our innovative data mesh capabilities with Infor's extensive
industry expertise," says Bruce
Douglas, Founder and CEO of Albanero. "Together, we are
poised to deliver unparalleled data management solutions that will
empower businesses to harness the full potential of their data. We
look forward to a future of shared success and innovation."
"Cloud technologies have enabled Albanero to innovate in how
data is managed," explains Manish
Sharma, Founder and CTO of Albanero. "We are excited to
provide Infor customers with a decentralized data mesh
solution that puts the power of their data back into their
business. This technological leap has addressed many of the
challenges associated with centralized data management by
empowering data owners at the source. We look forward to leveraging
the extensive technological capabilities of Infor and Koch to
expand our market reach."
Acumen
Consumer goods brands have complex pricing requirements for
promotions and rebates that are core to their operations. The
ability to apply the right data, at the right time to the right mix
of pricing strategies, trade terms, promotions, processes, and
talent – in addition to being able to effectively forecast and
respond to the rapid changes in market – is critical in reaching
and influencing the right customers at the right time.
Acumen offers solutions and highly specialized consulting and
analytics services for consumer packaged goods (CPG) manufacturers
to drive smarter, more informed decision-making to optimize the
impact of their promotional investment. With this acquisition,
Infor brings CPG companies critical last mile functionality for
Trade Promotion Management (TPM). As a data-intensive vertical,
integrating Acumen into Infor CloudSuite Food & Beverage and
CloudSuite Fashion will help customers establish a single
source of truth for decision-making while enhancing the volume of
industry-specific data on which they can build new technologies and
capabilities.
Nick Ryan, Co-Founder of Acumen
says, "We are excited to become part of Infor, bringing our CPG
Revenue Management software solutions and strategic consulting
practice into the Infor portfolio. Joining Infor will enable us to
leverage the latest Infor technologies to enhance our platforms and
speed to market, while enabling us to continue to grow our client
base and extend our geographic reach."
"We're so proud of the team we've built, the business
we've established and the clients we work with," adds Matt Wills, Co-Founder of Acumen. "The Infor
acquisition will allow us to offer great opportunities to our team
and speed up our time to value for our clients."
Twelve of the top 20 of the world's leading consumer goods
companies, such as Campari, L'Oréal, Unilever, Colgate
Palmolive, and Heineken, recognize the strong value of Acumen's TPM
solutions coupled with its revenue management capabilities.
Infor's acquisition of Acumen and Albanero closed on
July 1, 2024. Financial terms are not
being disclosed for either acquisition. Albanero founders,
Bruce Douglas and Manish Sharma, Acumen founders Nick Ryan and Matt
Wills, and employees of both organizations, a total of 160
people, will transition into the Infor organization.
About Infor
Infor is a global leader in business cloud software specialized by
industry. We develop complete solutions for our focus industries.
Infor's mission-critical enterprise applications and services are
designed to deliver sustainable operational advantages with
security and faster time to value. Over 60,000 organizations in
more than 175 countries rely on Infor's 17,000 employees to help
achieve their business goals. As a Koch company, our financial
strength, ownership structure, and long-term view empower us to
foster enduring, mutually beneficial relationships with our
customers. Visit www.infor.com.
Media contact
Tara
Degler, Infor
tara.degler@infor.com
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trademarks of Infor and/or related affiliates and subsidiaries. All
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owners. www.infor.com
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SOURCE Infor