SaaS revenue boost for Infor with release of CloudSuite Business ERP
Software provider Infor has announced that its Software-as-a-Service (SaaS) revenue has increased 60% over the last year with SaaS bookings increasing 300%.
According to the company’s fiscal 2015 results, which cataloged earnings between June 2014 and March 2015, revenue from software license fees and subscriptions grew 12%.
2014 saw the release of Infor’s CloudSuite Business ERP solution, its cloud-based back office management software for mid-size companies, and Infor Xi, a next-generation cloud and analytics platform.
“Infor is well-positioned to accelerate growth as more companies eschew the monolithic era of legacy software vendors in favor of flexible, secure cloud applications” - Charles Phillips, CEO, Infor
Earlier this month, Infor announced the availability of CloudSuite for enterprise asset management (EAM) customers. The ERP solution has been accepted by state-managed utilities and manufacturers alike, says Kevin Price, product and strategy director at Infor.
“By selecting Infor CloudSuite Facilities Management, organizations also benefit from pre-configuration, a flexible pricing structure and industry-specific capabilities that help to minimize downtime and keep assets running at peak performance,” he says.
Well-positioned to accelerate growth
Forty-five million people now access Infor products in 96 countries, says the company, with 2,900 new customers added in the fiscal 2015 year such as the San Francisco Municipal Transport Agency, Wyndham Hotels, and Ferrari. The company also forged a number of new partnerships with HCL Technologies and Ciber in the last year.
The investments that Infor has made in cloud software are beginning to pay off, says Infor CEO Charles Phillips, as more customers seek alternatives in the cloud market.
“Infor is well-positioned to accelerate growth as more companies eschew the monolithic era of legacy software vendors in favor of flexible, secure cloud applications with the last-mile functionality they need without the costly customization they don’t,” says Phillips.
Infor’s latest earnings also highlight other efforts made by the company in research including the Infor Education Alliances Programs, which partners with several universities to find the next best businesses, and the Infor Dynamic Science Labs, a new research lab in Massachusetts tasked at integrating machine learning and big data analytics into Infor products.
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