Koch Equity Development, an investment arm of Koch Industries, has closed on a $2.5 billion investment in the enterprise software company Infor.
The move, first announced in November, follows previous Koch investments in Oracle and SAP and gives the firm four of nine seats on Infor’s board of directors. According to an Infor press release, the cash influx will be used for expanding distribution and innovation efforts.
Infor develops software across a wide array of industries, including the public sector. According to the company’s website, it has more than 3,900 public-sector clients, including 1,200 local and municipal governments globally. Its public-sector-facing software includes asset management, business intelligence and analytics, 311 call center, procurement and record management systems.
The company, originally called Agilisys, is not publicly traded, but is estimated to have revenue of about $3 billion per year. About half of its software revenues come from applications in the cloud.