SOURCE: Infor

Infor

March 16, 2011 09:00 ET

Infor Announces Plan to Hire 400 Engineers and Reports Q3 Software License Growth of 17 Percent

Major New Product Releases Shipping This Year

ATLANTA, GA--(Marketwire - March 16, 2011) - Infor, a leading provider of business application software serving over 70,000 customers, today announced it will expand its engineering organization by hiring approximately 400 additional software developers.

"We will ship significantly more new features and new releases this year than ever before. This investment in core research and development is a milestone in Infor's commitment to innovation," said Soma Somasundaram, senior vice president, Global Product Development. "All of our existing and newly hired engineers will focus on one thing -- building great applications."

This accelerated investment comes after the first quarter closed under the leadership of the new management team. "Our third quarter results have put us in a strong position for our second half, and we saw great performance on both the top and bottom lines for the quarter," said Stephan Scholl, executive vice president of global field operations. "Our license growth of 17 percent and increased cash operating margins of 24 percent1 demonstrates the strength of the momentum we are seeing. Strong revenue performance and improved operational efficiency has increased our operating margins and generated cash flow beyond our targets for the quarter. The improved margins, along with further improvements in operating efficiencies, will fund the additional investment in product development."

"Customers are responding well to the new releases, standards based integration through our ION platform, and our planned consumer-grade user experience. We added 400 net new customers in the quarter. For existing customers, our plan is to increase the value of support by delighting them with deep industry features they asked for and others they didn't expect," said Duncan Angove, president, Products, Support, and Marketing.

Infor will immediately begin to recruit development staff, with plans to complete the expansion before the end of 2011. The focus of innovation will be on both Infor's core industry specific applications in manufacturing, distribution, public sector, and hospitality, and also on Infor's best in class cross-industry applications including financial management, asset management, workforce management, customer relationship management, supply chain management, and product lifecycle management.

About Infor

Infor is a leading provider of business software and services, helping 70,000 customers in 125 countries improve operations and drive growth. To learn more about Infor, please visit www.infor.com.

1 Infor and Softbrands Q3FY11 results over Q3 of Fiscal Year 2010.