Infor Construction is a cloud-based construction management and accounting solution designed to enhance efficiency and profitability for construction projects. With over 30 years of job cost accounting experience, the platform helps contractors and builders track all costs associated with a job, compare estimates versus actual costs, and monitor subcontractor performance, labor, materials, and cash positions
Infor was founded in 2002 as Agilsys and quickly embarked on a series of acquisitions to expand its product offerings and customer base. The company rebranded to Infor Global Solutions in 2004. Under the leadership of CEO Charles Phillips, who joined in 2010, Infor has focused on modernizing its software architecture and expanding into cloud solutions. The company moved its headquarters to New York's Silicon Alley district and has continued to grow through strategic acquisitions and partnerships.
Infor has received significant investments over the years, including a $1.5 billion investment from Koch Industries and Golden Gate Capital in 2019, which was a precursor to a potential IPO. This investment followed a $2 billion cash infusion from Koch in 2017, bringing the total raised to over $3.5 billion. Analysts have estimated Infor's valuation to be around $60 billion, based on its revenue and market comparisons with industry leaders like Oracle and SAP.
Infor Construction offers a comprehensive suite of tools for construction management, including:
Infor has a history of strategic acquisitions to enhance its product offerings and market reach. Notable acquisitions include Lawson Software in 2011, which strengthened its position in the healthcare and public sectors, and Birst, a business intelligence software company, in 2017. Recently, Infor acquired Albanero and Acumen to bolster its data migration, management, and revenue growth management capabilities.
Infor continuously updates its platform to incorporate new technologies and features. Recent enhancements include the integration of AI and machine learning for predictive maintenance, advanced procurement processes, and enhanced quality and service management functionalities. These updates aim to improve operational efficiency, reduce costs, and ensure high-quality project delivery.
Infor prides itself on fostering an inclusive and diverse work environment. The company emphasizes professional development, personal well-being, and community volunteerism. Infor's culture of connection and innovation is driven by its diverse global workforce, which contributes to brighter ideas and better business decisions.
Infor Construction serves a diverse range of customers across various industry segments, including industrial, residential, infrastructure, facilities management, and trade contractors. The platform is utilized by contractors and builders of all sizes, providing them with the tools needed to monitor the performance and profitability of every contract. Infor's customer base includes prominent companies in the Middle East, such as Saudi Bugshan, Zahid Tractor, Hafil Transportation Co., and ASRY in Bahrain.
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