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Infor Delivers Record-Level Product Development and InnovationInvestment in R&D, New Software Engineers, and Unique Lightweight Middleware Accelerates Innovation at World's Third-Largest Enterprise Application Company (April 23, 2012)
NEW YORK, NY -- (Marketwire) -- 04/23/12 -- Infor, a leading provider of business application software serving more than 70,000 customers, today announced that more products, features, customer-driven enhancements, and integrations are planned to be delivered in 2012 than in any similar period in the company's history. The increased level of innovation results from a commitment to spend more than $300 million in R&D for the year, the addition of more than 500 software engineers and designers, and the unique capabilities of Infor10 ION technology, which uses open standards to integrate Infor and non-Infor applications.
In 2011, Infor shipped 69 new products, 1904 new features, 2001 customer enhancement requests, and 194 new integrations, an increase of more than 70 percent from 2010. The company plans to ship significantly more of each in 2012, increasing new products by more than 45 percent, new features by more than 60 percent and new integrations by more than 50 percent. The company also expects to deliver a record number of customer requested enhancements.
Under the direction of CEO Charles Philips and Infor's new executive management team, in 2012 Infor expects to deliver at least 240 percent more new products, 175 percent more new features, and an astonishing 800 percent more new integrations compared to 2010 levels.
Among the more than 100 new products planned to be delivered in 2012 are Infor10 Industry Suites; applications specialized by industry featuring Infor10 ION and Infor10 Workspace technology. Designed expressly for the unique demands of a specific industry, Infor10 Industry Suites are preconfigured by industry, minimizing the need for extensive customizations that often lead to long and costly implementations.
"Today's business climate has become one of 'survival of the fastest,' where companies that fall behind cannot expect to be significant, relevant, or even viable for much longer," said Charles Phillips, CEO of Infor. "Infor recognizes that we must partner with our customers, to deliver the level of innovation that supports their long-term growth plans. With our new Infor10 Industry Suites, our goal is zero modifications. Integrations, configurations, and analytics should be less a part of an implementation and more a part of the application. Infor10 products are specialized by industry and designed to help customers go faster."
Infor is the world's third-largest supplier of enterprise applications and services, helping more than 70,000 large and mid-size companies improve operations and drive growth across numerous industry sectors. To learn more about Infor, please visit www.infor.com.
This announcement reflects the direction Infor may take with regard to the specific product(s) described herein, all of which is subject to change by Infor in its sole discretion, with or without notice to you. This announcement is not a commitment to you in any way and you should not rely on this document or any of its content in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product or functionality, even if such is described in this announcement and even if such description is accompanied by words such as "anticipate," "believe," "expect," "intend," "may," "plan," "project," "predict," "should," "will," and/or similar expressions. Many factors can affect Infor's product development plans and the nature, content and timing of future product releases, all of which remain in the sole discretion of Infor. This announcement, in whole or in part, may not be incorporated into any contractual agreement with Infor or its subsidiaries or affiliates. Infor expressly disclaims any liability with respect to this announcement.
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