Koch Industries To Invest $2 Billion In The Cloud Through Infor

Koch Industries Inc. said Wednesday it will invest over $2 billion, through its Koch Equity Development LLC (KED) subsidiary, in cloud software company Infor, as Koch looks to expand on its digital strategies across industries. Infor's cloud strategy uses Amazon.com Inc.'s Amazon Web Services. "The support we are providing to Infor marks one of the largest investments KED has ever made and demonstrates the confidence we have in Infor's technology, team and business model," said President Matt Flamini of KED. The investment, in the form of preferred and common equity, is expected to close in early 2017.