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INFOR SIGNS DEFINITIVE AGREEMENT TO ACQUIRE MAPICS FOR A CASH PRICE OF $12.75 PER SHARE http://www.infor.com http://www.mapics.com/company/PressRoom/05releases/pr-050127.asp Combination Creates One of the Largest Enterprise Software Companies in the World ATLANTA, GEORGIA, USA â (January 27, 2005) â Infor Global Solutions and MAPICS, Inc. (NASDAQ/NM: MAPX), leading global providers of enterprise software solutions, announced the signing of a definitive agreement for Infor to acquire MAPICS. Under the terms of the agreement, Infor has agreed to pay $12.75 per share in cash to MAPICS shareholders. The plan has received unanimous approval from the MAPICS Board of Directors and its Special Committee. The transaction is subject to certain closing conditions, including receipt of required regulatory approvals and MAPICS shareholder approval. Infor focuses exclusively on delivering enterprise resource planning (ERP) and supply chain solutions that are designed specifically for the manufacturing and distribution industries. By adding MAPICSâ additional scale and reach, Infor will be able to expand its manufacturing solutions and increase its ability to compete globally. The combined company will have more than 17,500 customers in over 70 countries. âInfor is building vertical market leadership by assembling proven, best-of-breed solutions and deep industry knowledge,â said Jim Schaper, Inforâs chairman and chief executive officer. âMAPICS is a respected enterprise software provider that has been serving the manufacturing industry for over two decades. The combined company has the scale and resources to continue to support our extensive customer base while investing in enhancements and long-term product innovation. Both current and future customers will benefit from our exclusive focus on manufacturing and distribution and our world-class team of professionals with deep vertical expertise.â MAPICS has approximately 4,500 customers and a team of dedicated employees who will expand Inforâs expertise in the manufacturing sector. MAPICSâ strong affiliate and partner network will further enhance Inforâs ability to meet the needs of global manufacturers and MAPICSâ proven products will allow Infor to offer an expanded suite of solutions. Inforâs financial backing, global reach and additional product solutions will provide MAPICSâ customers with a path for continuous improvement and long-term growth. Dick Cook, MAPICSâ president and chief executive officer, remarked, âWith the industry consolidation currently taking place, it was imperative that MAPICS combine to create a larger company to help ensure the continued success of our customers. While our initial strategy was to grow through acquisition, the opportunity to be part of a much larger company while rewarding our shareholders presented an attractive alternative.â Cook added, âAfter a lengthy process, the MAPICS Board of Directors concluded that this was the right plan of action. We believe that Inforâs offer is a win for our shareholders and that it provides a long term future for our business.â
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