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Don't Call Us Inforacle

gManZboy (721688) writes | about 2 years ago

Oracle 0

gManZboy writes "Charles Phillips, Oracle's former co-president and now CEO of Infor, tried to reinvent his company's image at this week's Inforum customer event in Denver, dubbing Infor "the world's largest software startup." Other think 'Inforacle' now fits.

At about $2.8 billion in revenue, Infor is the third largest enterprise applications vendor. In reality it's an old company that started accumulating enterprise apps through dozens of acquisitions starting in 2002, and some of its ERP systems date back to the green-screen era. But Infor is, indeed, like a startup in that Phillips and his lieutenants, many of whom are former Oracle executives, have started from scratch and dramatically transformed the company during the last 16 months.

What are they doing with $1 billion of new capital in the last six months? Hiring (600 developers, among others) and pushing into micro-vertical segments within industries like food and beverage makers, automotive, and aerospace."

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