January 16, 2019 / 1:16 PM / a year ago

Infor gets $1.5 bln funding ahead of planned IPO

Jan 16 (Reuters) - Cloud technology company Infor Inc said on Wednesday it received an additional investment of $1.5 billion from shareholders Koch Equity Development LLC and private equity firm Golden Gate Capital.

This funding builds on Koch Equity’s investment of more than $2 billion in early 2017. Infor said it considers a potential IPO in 2019 or 2020, subject to market conditions. (Reporting by Akanksha Rana in Bengaluru; Editing by Arun Koyyur)

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