Mumbai: Industry cloud company 'Infor' completed the acquisitions of Albanero, a data migration and management partner, and Acumen, a Revenue Growth Management and highly-specialized consulting company.
Both acquisitions strengthen Infor’s focus on helping customers understand how to translate the deep industry-centric data within their environment into opportunities to generate greater value and profitable growth.
Infor’s acquisition of Acumen and Albanero closed on July 1, 2024. Financial terms are not being disclosed for either acquisition. Albanero founders, Bruce Douglas and Manish Sharma, Acumen founders Nick Ryan and Matt Wills, and employees of both organizations, a total of 160 people, will transition into the Infor organization.
“Infor’s strategy remains fiercely focused on helping customers unlock core value drivers within their industry-specific operations,” says Infor CEO Kevin Samuelson. “The next wave of innovation is completely data driven and generating real value from it begins with a secure industry-rich data foundation.”
Both Albanero and Acumen advance this core strategy by offering customers contextualized meaning to their industry-specific data within their core ERP systems.
“This union represents a significant milestone for both companies, combining our innovative data mesh capabilities with Infor’s extensive industry expertise,” says Bruce Douglas, Founder and CEO of Albanero.
“Together, we are poised to deliver unparalleled data management solutions that will empower businesses to harness the full potential of their data. We look forward to a future of shared success and innovation.”
"Cloud technologies have enabled Albanero to innovate in how data is managed,” explains Manish Sharma, Founder and CTO of Albanero. “We are excited to provide Infor customers with a decentralized data mesh solution that puts the power of their data back into their business.
This technological leap has addressed many of the challenges associated with centralized data management by empowering data owners at the source. We look forward to leveraging the extensive technological capabilities of Infor and Koch to expand our market reach."
Nick Ryan, Co-Founder of Acumen says, “We are excited to become part of Infor, bringing our CPG Revenue Management software solutions and strategic consulting practice into the Infor portfolio.
Joining Infor will enable us to leverage the latest Infor technologies to enhance our platforms and speed to market, while enabling us to continue to grow our client base and extend our geographic reach.”