SEG Sector Deals: Infor Acquired Birst

Infor, provider of enterprise software and services, reached an agreement to acquire Birst, a provider of cloud-based intelligence and analytics solutions. Financials regarding the deal were not publicly disclosed, but Birst raised around $156 million in funding. The acquisition will enable Infor to strengthen analytics capabilities within their ERP applications, and better compete with industry giants Oracle and SAP.

Seller Business Description:

Birst develops cloud-based intelligence and analytics solutions for organizations, software vendors, and OEMs in the US and internationally.

Buyer Business Description:

Infor provides enterprise software and services worldwide. See Press Release.