The news has just hit the wire this morning. MAPICS has just signed a deal to be bought by Infor at $12.75 a share, up from the MAPICS close yesterday of 11.62.
Infor is on quite a roll, having made a number of acquisitions in the past year. The company already has done a number of deals in the past year or so, such as Agilisys, Infor, Lilly, IncoDev, daly.commerce, and Varial. The MAPICS acquisition adds three more major products: the original MAPICS for the IBM iSeries (formerly AS/400), Syteline (which MAPICS picked up from Symix), and MAPICS XE (formerly Pivotpoint). If I were Infor right now, I'd take break from its takeover spree and spend some time to rationalize these various systems and consolidate the portfolio.
Concerning the MAPICS takeover, I've been wondering what was up. Quite a few people seem to have known something was in the works, because for the past several days, I've been getting a surprising number of search engine hits on the keywords for "MAPICS" and "acquire."
There's a press release out, but not much more.
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