INFOR, INC. (Exact Name of Registrant As Specified in Its Charter) DELAWARE 333-183494-06 01-0924667 (State Or Other Jurisdiction (Commission (I.R.S

Total Page:16

File Type:pdf, Size:1020Kb

INFOR, INC. (Exact Name of Registrant As Specified in Its Charter) DELAWARE 333-183494-06 01-0924667 (State Or Other Jurisdiction (Commission (I.R.S UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): April 6, 2020 (March 31, 2020) INFOR, INC. (Exact name of registrant as specified in its charter) DELAWARE 333-183494-06 01-0924667 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation or organization) File Number) Identification Number) 641 AVENUE OF THE AMERICAS NEW YORK, NEW YORK 10011 (Address of principal executive offices) (Zip Code) (646) 336-1700 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to section 12(b) of the act: None Trading Name of exchange Title of each class Symbol on which registered N/A N/A N/A Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Introductory Note As previously disclosed, on February 4, 2020, Infor, Inc. (the “Company” or “Infor”) announced that an affiliate of Koch Equity Development LLC entered into a definitive agreement to acquire the remaining equity stake in the Company’s parent companies held by Golden Gate Capital and its affiliates (the “Acquisition”). On March 31, 2020, the Acquisition was completed as more fully described below in this Current Report on Form 8-K. Infor is a voluntary filer and is not subject to the filing requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). As a result of the completion of the Acquisition and redemption transactions described below, the Company intends to file with the Securities and Exchange Commission (the “SEC”) a certification on Form 15 under the Exchange Act and does not intend to file future periodic reports with the SEC on a voluntary basis. Item 5.01 Changes in Control of Registrant On March 31, 2020, Koch Software Investments, LLC (“Koch”), an affiliate of Koch Equity Development LLC, the investment and acquisition subsidiary of Koch Industries, Inc. (“Koch Industries”), completed the Acquisition (such transaction, the “Change in Control Transaction”). As a result of the Change in Control Transaction, Koch, together with its affiliates, Koch Software Equity, LLC, Koch Software Resources, LLC and Koch Software Financing, LLC (collectively, the “Koch Affiliates”), beneficially owns all of the voting securities of Infor, and Infor became a standalone indirect subsidiary of Koch Industries. The amount of funds required for the payment of the consideration for the Change in Control Transaction was funded by Koch with cash on hand. Following the completion of the Change in Control Transaction, there are no arrangements or understandings among Golden Gate Capital, on the one hand, and Koch, the Koch Affiliates, and Koch Industries, on the other hand, with respect to the election of directors or any other matters pertaining to the Company. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Effective as of March 31, 2020, the following individuals will no longer serve as directors of the Company: David Dominik, Jim Schaper, Rishi Chandna, Charles E. Phillips, Jr, Doug Ceto, Steve Feilmeier, Matthew Flamini, James B. Hannan, Sanjay Poonen, Tony Sementelli and Brett Watson. Following the closing of the Acquisition on March 31, 2020, the following individuals were elected to the board of directors of the Company: Gregory M. Giangiordano and Jay Hopkins. As of the time of this filing, the board of directors of the Company has not made a final determination regarding the committees of the board, if any, to which any of Messrs. Giangiordano, and Hopkins will be appointed. There have been no transactions involving Messrs. Giangiordano and Hopkins that would require disclosure under Item 404(a) of Regulation S-K. Item 8.01 Other Events On March 30, 2020, Infor (US), Inc., a wholly owned subsidiary of the Company, issued notices of conditional full redemption to the holders of its 6.500% Senior Notes due 2022 (the “Dollar Notes”) and its 5.750% Senior Notes due 2022 (the “Euro Notes”) for the redemption in full of all of its outstanding $1.630 billion aggregate principal amount of Dollar Notes and €350 million aggregate principal amount of its Euro Notes on May 26, 2020 (the “Redemption Date”) at a redemption price equal to the sum of 100.000% of the principal amount thereof, plus accrued and unpaid interest thereon to, but excluding, the Redemption Date. On March 31, 2020, as a result of the completion of the Acquisition, the condition to the redemption was satisfied. On April 6, 2020, Infor issued a press release announcing the completion of the Change in Control Transaction, which is attached as Exhibit 99.1 hereto, and is incorporated into this report by reference. Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release issued by Infor, Inc. on April 6, 2020. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. INFOR, INC. Date: April 6, 2020 By: /s/ Gregory M. Giangiordano Name: Gregory M. Giangiordano Title: Senior Vice President and General Counsel Exhibit 99.1 KOCH INDUSTRIES COMPLETES ACQUISITION OF INFOR NEW YORK – April 6, 2020 – Koch Industries, Inc. announced that it has completed the acquisition of the remaining portion of Infor from Golden Gate Capital. Infor, a global leader in business cloud software specialized by industry, has been a key component of Koch’s technological transformation. Koch companies have made more than $26 billion in technology-related investments in the past six years, transforming a global portfolio of businesses spanning multiple industries. In addition to being an investor since 2017, Koch has been a key customer, implementing Infor solutions across its businesses in areas like enterprise resource planning, human resources, supply chain, asset management and finance. The acquisition brings new key capabilities to Koch to accelerate digital transformation, while providing Infor with resources and industry knowledge to continue growing its expertise in mission critical software for industries like manufacturing, retail and distribution, among others. Additionally, Infor’s industry-leading Healthcare Operations Platform and Interoperability Solutions extend Koch’s involvement in healthcare, where Koch companies are already engaged in connected device manufacturing, medical product purification, and hospital supplies. Infor is now a standalone subsidiary of Koch Industries, and continues to operate under the company’s current management team from its headquarters in New York City. The acquisition positions Infor as one of the most well-capitalized companies in technology. Infor has invested approximately $4 billion in product design and development to deliver industry-specific CloudSuites that solve the most challenging operational issues for over 68,000 customers around the globe. “Joining Koch Industries is an exciting new chapter in Infor’s history,” said Kevin Samuelson, CEO of Infor. “It allows us to take a long-term approach, focused on developing industry-specific solutions that help customers modernize and drive immediate, tangible impact.” “It’s been clear from day one that Infor’s unique approach and innovative team are truly bringing value to the market,” said Jim Hannan, Executive Vice President and CEO of Enterprises for Koch Industries. “We want to thank Golden Gate Capital for such a productive partnership and welcome Infor’s 17,000 global employees to Koch Industries.” “We are proud to have founded and grown Infor into an industry leader over the past 18 years,” said David Dominik, Co-Founder of Golden Gate Capital. Golden Gate Capital Managing Director Rishi Chandna added, “We have enjoyed our partnership with management and Koch Industries, and wish the Infor team well in the company’s next era of growth.” Terms of the deal were not disclosed. Goldman Sachs & Co. LLC, Rothschild, Inc. and Citigroup Global Market, Inc. served as financial advisors to Koch, and Jones Day served as legal advisor to Koch. Morgan Stanley, BofA Securities and Credit Suisse served as financial advisors to Golden Gate Capital, and Kirkland & Ellis LLP and Nob Hill Law Group, P.C. served as legal advisors to Golden Gate Capital. About Infor Infor is a global leader in business cloud software specialized by industry. With over 68,000 customers worldwide, Infor is transforming the way businesses operate through best-in-class technology, expertise, and customer-centricity. To learn more, please visit www.infor.com. Infor customers include: • The top 20 aerospace companies • 9 of the top 10 high tech companies • 14 of the 25 largest U.S.
Recommended publications
  • Surviving the Petabyte Age: a Practitioner's Guide
    • Cognizant 20-20 Insights Surviving the Petabyte Age: A Practitioner’s Guide Executive Summary The amount of time it takes for news to become common knowledge has shrunk, thanks to: The concept of “big data1” is gaining attention across industries and the globe. Among the drivers • An emerging network of social media and blogs are the growth in social media (Twitter, Facebook, that potentially makes everyone a publisher of blogs, etc.) and the explosion of rich content from good and bad news. other information sources (activity logs from the A rapid increase in the number of people who Web, proximity and wireless sources, etc.). The • are untethered from traditional information desire to create actionable insights from ever- receptacles and now have a highly mobile increasing volumes of unstructured and struc- means of collecting and ingesting information. tured data sets is forcing enterprises to rethink their approach to big data, particularly as tradi- • The meteoric rise of desktop tools housing a tional approaches have proved difficult, if even significant portion of information. Organiza- possible, to apply to structured data sets. tions need to understand the information and processes involved in the dispensation of desk- One challenge that many, if not most, enter- top-managed information (mostly Microsoft prises are attempting to address is the increas- Access and Excel). This information is most ing number of data sources made available for likely to be found in the form of: analysis and reporting. Those who have taken an Copies of operational data (including both early adopter stance and integrated non-tabular > sources and targets).
    [Show full text]
  • Annual Report 2016
    4 AUDIT +1.0 % 202.0 CHF million Net revenues 2016 Lukas Marty Head of Audit Transformation as a source of strength This past year the audit business was driven more than usual by transactions, restructuring and relocations. KPMG’s technologically innovative, interdisciplinary services were extremely successful on the market. The faster the transformation, the more important the peace of mind offered by auditors. The more companies change, the greater the potential for auditors to make a vital contribution. And this is something KPMG has been quite successful at over the past year. Digitization raises demand for advisory services On the other hand, technological transformation There are multiple factors at play here. On the has intensified even further. Many clients one hand, Swiss businesses and companies are restructuring their IT systems, often with located in Switzerland have been involved far-reaching consequences: Companies are in numerous deals which need to be assessed being reorganized and their age-old structures by auditors, even if they take place outside radically dismantled. Standardized IT solutions Switzerland. The bustling acquisition schedule now make it possible for tasks previously is partly attributable to the strong franc, which performed across a large number of subsidiaries has boosted the purchasing power of Swiss to be assigned to just a few global shared corporations enormously. Yet the strong franc service centers. Not only that, but standardized has also prompted both foreign and Swiss firms IT solutions also allow global guidelines to be to take a more critical look at which activities established within corporations, industries and they want to keep in high-priced Switzerland and even beyond.
    [Show full text]
  • DLT RIDER to MANUFACTURER END USER TERMS (For Public Sector End Users)
    DLT RIDER TO MANUFACTURER END USER TERMS (For Public Sector End Users) 1. Scope. This DLT Rider to Infor, Inc. (“Manufacturer”) End User Terms (“DLT Rider”) establishes the terms and conditions enabling DLT Solutions, LLC (“DLT”) to provide Manufacturer’s Offerings to Public Sector Government Agencies to include the Federal, State and Local entities (the “Licensee” or “Customer”). 2. Applicability. The terms and conditions in the attached Manufacturer Terms are hereby incorporated by reference to the extent that they are consistent with Public Sector Laws (e.g., the Anti-Deficiency Act, the Contracts Disputes Act, the Prompt Payment Act, the Anti-Assignment statutes). To the extent the terms and conditions in the Manufacturer's Terms or any resulting Customer Order are inconsistent with the following clauses, they shall be deemed deleted and the following shall take precedence: a. Advertisements and Endorsements. Unless specifically authorized by Customer in writing, use of the name or logo of Customer is prohibited. b. Assignment. All clauses regarding Assignment are subject to Assignment of Claims and Novation and Change-of-Name Agreements. All clauses governing Assignment in the Manufacturer Terms are hereby deemed to be deleted. c. Audit. During the term of a Customer order subject to this Rider: (a) If Customer's security requirements included in the Order are met, Manufacturer or its designated agent may audit Customer's facilities and records to verify Customer's compliance with this Agreement. Any such audit will take place only during Customer's normal business hours contingent upon prior written notice and adherence to any security measures the Customer deems appropriate, including any requirements for personnel to be cleared prior to accessing sensitive facilities.
    [Show full text]
  • UNITED STATES DISTRICT COURT SOUTHERN DISTRICT of NEW YORK ------X : : : : in the MATTER of a WARRANT to : SEARCH a CERTAIN EMAIL ACCOUNT : No
    UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x : : : : IN THE MATTER OF A WARRANT TO : SEARCH A CERTAIN EMAIL ACCOUNT : No. 13 Mag. 2814 CONTROLLED AND MAINTAINED BY : MICROSOFT CORPORATION : : : : - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - x MEMORANDUM OF LAW OF AMICUS CURIAE INFOR IN SUPPORT OF MICROSOFT CORPORATION’S MOTION TO VACATE THE SEARCH WARRANT GIBSON, DUNN & CRUTCHER LLP Orin Snyder Alexander H. Southwell Jane Kim 200 Park Avenue New York, NY 10166 Telephone: (212) 351-4000 Fax: (212) 351-4035 Thomas G. Hungar (pro hac vice pending) [email protected] 1050 Connecticut Avenue, NW Washington, DC 20036 Telephone: (202) 955-8500 Fax: (202) 467-0539 Attorneys for Amicus Curiae Infor TABLE OF CONTENTS Page INTEREST OF AMICUS CURIAE ................................................................................................. 1 INTRODUCTION .......................................................................................................................... 2 ARGUMENT .................................................................................................................................. 4 I. Infor Joins The Arguments Set Forth In The Amicus Curiae Briefs Of Verizon Communications, Inc., Apple Inc., And Cisco Systems, Inc. ............................................. 4 II. U.S. Technology Companies Will Be Substantially Harmed Should ECPA Warrants Apply Extraterritorially. .....................................................................................
    [Show full text]
  • A Day in the Life of Your Data
    A Day in the Life of Your Data A Father-Daughter Day at the Playground April, 2021 “I believe people are smart and some people want to share more data than other people do. Ask them. Ask them every time. Make them tell you to stop asking them if they get tired of your asking them. Let them know precisely what you’re going to do with their data.” Steve Jobs All Things Digital Conference, 2010 Over the past decade, a large and opaque industry has been amassing increasing amounts of personal data.1,2 A complex ecosystem of websites, apps, social media companies, data brokers, and ad tech firms track users online and offline, harvesting their personal data. This data is pieced together, shared, aggregated, and used in real-time auctions, fueling a $227 billion-a-year industry.1 This occurs every day, as people go about their daily lives, often without their knowledge or permission.3,4 Let’s take a look at what this industry is able to learn about a father and daughter during an otherwise pleasant day at the park. Did you know? Trackers are embedded in Trackers are often embedded Data brokers collect and sell, apps you use every day: the in third-party code that helps license, or otherwise disclose average app has 6 trackers.3 developers build their apps. to third parties the personal The majority of popular Android By including trackers, developers information of particular individ- and iOS apps have embedded also allow third parties to collect uals with whom they do not have trackers.5,6,7 and link data you have shared a direct relationship.3 with them across different apps and with other data that has been collected about you.
    [Show full text]
  • Driving High Performance in Government: Maximizing the Value of Public-Sector Shared Services High Performance in Government
    The Government Executive Series Driving High Performance in Government: Maximizing the Value of Public-Sector Shared Services High performance in government What characterizes high performance in government? Through our extensive research and experience in the public sector, Accenture has found that true high-performance govern- ments bear unmistakable hallmarks. High-performance governments generate maximum public value. They are relentlessly citizen centered and outcome focused. Their capabilities and operational activities all support the delivery of outcomes defined by their mission, and they measure their performance based on those outcomes—not just inputs and outputs. At the same time, high-performance governments are committed to cost-effectiveness. They hold themselves accountable; they actively accept their role as stewards of the public trust; and they make their operations and results transparent to all. They are innovative and flexible, continually striving to improve value delivery, and are able to respond creatively to new challenges and opportunities. They work in open and collaborative ways, understanding that their organization is part of a larger system, and cultivate working relationships with other agencies, organizations and stakeholders. Finally, high-performance governments reflect their enthusiasm for delivering public value. This evident passion engages both internal staff and external stakeholders in active support of their organizations’ missions. Shared services enables high performance. It allows governments
    [Show full text]
  • Code Rules: a Playbook for Managing at the Crossroads
    Code Rules A Playbook for Managing at the Crossroads By Malcolm Frank, Paul Roehrig and Ben Pring | FUTURE OF WORKTM © Cognizant Technology Solutions U.S. Corporation 2013, all rights reserved. Preface Today’s high-flying companies — the outliers in revenue growth and value creation — are winning with a new set of rules. They are dominating their sectors by managing the information that surrounds people, organizations, processes and products — what we call Code HalosTM— to build new business and operating models. 1 Code Halos contain a richness of business meaning that forms the new basis of competition. When Code Halos scale, they spark new commercial models in a predictable five-step model that can take entire industries to “the Crossroads,” a compressed period of time in which market dominance can dramatically flip from industry stalwarts to challengers. In this white paper, we define the new rules of success by decoding the business of meaning and the pattern of success that has emerged. 2 FUTURE OF WORK June 2013 CODE RULES: A PLAYBOOK FOR MANAGING AT THE CROSSROADS 3 Executive Summary What separates today’s high-flying outliers — such as Apple, Google, Amazon, Netflix and Pandora — from fast-followers and wannabes? It’s the ability to disrupt markets by capturing customer insight and market meaning from the flood of data swirling around us all. The data — or the Code Halo™ that accom- panies people, organizations and devices — contains a richness of potential business meaning that far outstrips the value of bricks, mortar and other physical assets that have historically powered market leadership.
    [Show full text]
  • Detecting and Preventing Duplicate Invoice Payments
    White Paper Detecting and preventing duplicate invoice payments Executive summary Duplicate invoice payments occur far more frequently than most organizations realize. On average, approximately 0.1% to 0.05% of invoices paid are typically duplicate payments—which for a medium- size organization with annual costs of $100 million over a three year period, could represent a loss of $300,000. Within the public sector, this amount is far higher due to the typical size and volume of payments as can be seen from the results posted by the US Government Accountability Office (GAO) in their 2012 annual report, which indicates that the GAO helped to reduce “improper payments by about $1.4 billion for 22 federal programs.” 1 Table of Contents 1 Executive summary How control violations are performed 2 What are the main causes of duplication? 4 How to detect duplicate payments 16% Manual processing 4 Basic steps to reduce duplicate payments Data warehouse 20% processing 5 The Infor answer 64% Automated processing Figure 1. 64% of organizations rely on manual processing to detect duplicate invoice payments.2 While many duplicate invoice payments are recognized after high- integrity suppliers notice the mistake, many other duplicate payments require expensive recovery audits and/or intensive manual processes. Many are never identified or resolved. According to a 2012 KPMG poll, “64% of organizations still rely primarily on manual control testing to detect control violations such as duplicate invoice payments.”3 1 US Government Accountability Office, Summary of GAO’s Performance and Accountability Report Fiscal Year 2012; p. 8 2 Based on data published in: KPMG; Low Tech Approach to High Risk Challenges, KPMG Pulse Survey results from the 2012 RSA Archer GRC Summit; June 2012; p.1 3 KPMG, p.
    [Show full text]
  • June 12, 2013 Item No. 9
    June 12, 2013 Item No. 9 AUTHORIZATION TO ENTER INTO TWO (2) YEAR SERVICE AND SUPPORT AGREEMENTS WITH YARDI, INFOR, ORACLE AND SALESFORCE.COM FOR MAINTENANCE AND SUPPORT SERVICES FOR THEIR RESPECTIVE SOFTWARE AND SYSTEMS To the Honorable Board of Commissioners: RECOMMENDATION It is recommended that the Board of Commissioners authorizes the Chief Executive Officer (“CEO”) or his designee to enter into two (2) year agreements: (1) with Yardi in an amount not‐to‐exceed $540,000 for support and maintenance; (2) with Infor in an amount not‐to‐exceed $500,000 for support and maintenance; (3) with Oracle in an amount not‐to‐exceed $480,000 for support and maintenance; and (4) with Salesforce.com in an amount not‐to‐exceed $800,000 for subscription maintenance and support for fiscal years 2013 through 2015. The Executive Vice President (“EVP”) of Finance, the Office of the General Counsel and the Department of Procurement and Contracts have completed all necessary due diligence to support the submission of this initiative and recommend the approval of this item accordingly. CORPORATE GOAL The proposed program supports CHA’s corporate goals of ensuring that the CHA’s housing portfolio is safe, decent and sustainable. FUNDING: CHA General Fund SOLICITATION SUMMARY Vendor: Yardi Systems, Inc. 430 South Fairview Ave. Goletta, CA 93117 Contract Type: Professional Services Contract Amount: $540,000 Contract Period: July 1, 2013 through June 30, 2015 M/W/DBE Participation: 100% MBE Section 3: Hiring Not Applicable XX Vendor: Infor (US), Inc. 13560 Morris Road Alpharetta, GA 30004 Contract Type: Professional Services Contract Amount: $500,000 Contract Period: January 1, 2014 through December 31, 2015 M/W/DBE Participation: Waiver XX Section 3: Hiring Not Applicable XX Vendor: Oracle Corporation 233 S.
    [Show full text]
  • Oracle HCM Leads with Platform Innovation Voice Assistants and Adaptive Mobile UX Elevate the Employee Experience
    September 23, 2019 OFFERING OVERVIEW Oracle HCM Leads with Platform Innovation Voice Assistants and Adaptive Mobile UX Elevate the Employee Experience Holger Mueller Vice President and Principal Analyst Copy Editor: Jim Donahue Layout Editor: Aubrey Coggins Produced exclusively for Constellation Research clients TABLE OF CONTENTS Executive Summary ......................................................................................3 About Oracle HCM ......................................................................................4 Functional Capabilities ..................................................................................9 Pricing ..................................................................................................21 Analysis and Observations .............................................................................22 Recommendations ......................................................................................26 Related Research .......................................................................................28 Endnotes ...............................................................................................30 Analyst Bio .............................................................................................32 About Constellation Research ..........................................................................33 © 2019 Constellation Research, Inc. All rights reserved. EXECUTIVE SUMMARY This report provides an overview of Oracle HCM and analyzes its capabilities to satisfy
    [Show full text]
  • Infor Fourth Shift RELEASE ROADMAP
    Infor Fourth Shift RELEASE ROADMAP APRIL 2021 Copyright © 2020. Infor. All Rights Reserved. Infor.com icgtechnology.com | (865) 321-8325 Disclaimer This presentation reflects the direction Infor may take with regard to the products or services described herein, all of which is subject to change without notice. This presentation is not a commitment to you in any way and you should not rely on any content herein in making any decision. Infor is not committing to develop or deliver any specified enhancement, upgrade, product, service or functionality, even if such is described herein. 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 presentation, in whole or in part, may not be incorporated into any agreement. Infor expressly disclaims any liability with respect to this presentation. INFOR FOURTH SHIFT- Roadmap Release | April 2021 2 Copyright © 2020. Infor. All Rights Reserved. Infor.com icgtechnology.com | (865) 321-8325 2020 - Recap Infor Fourth Shift 8.00B Technical Utility Mobility Microsoft 2019 New and improved functions New VisiBar Web Client Support Infor Fourth Shift Release | April 2021 Copyright © 2020. Infor. All Rights Reserved. Infor.com icgtechnology.com | (865) 321-8325 HIGHLIGHT Microsoft Support Fourth Shift support for latest Microsoft platform. Benefits: Futureproof on latest versions Microsoft Windows Server 2019 Microsoft SQL Server 2019 Infor Fourth Shift Release | April 2021 Copyright © 2020. Infor. All Rights Reserved. Infor.com icgtechnology.com | (865) 321-8325 HIGHLIGHT Fourth Shift 8.00B Manufacturing, Finance, Technical and performance improvements.
    [Show full text]
  • Money Issuance
    Money Issuance Alternative Monetary Systems A report commissioned by the Icelandic Prime Minister’s Office kpmg.is KPMG Contacts: Svanbjörn Thoroddsen Partner +354 545 6220 [email protected] Sigurvin B. Sigurjónsson Manager +354 545 6112 [email protected] This report is commissioned by the Icelandic Prime Minister’s Office. KPMG makes no representation or warranty, expressed or implied, as to the accuracy, reasonableness or completeness of the infor- mation contained in this document. KPMG expressly disclaims any and all liability for any information contained in, or errors in or omissions from this document or based on or relating to the readers’ use of the information contained within it. Details of our principal information sources are set out within the report and we have satisfied ourselves, so far as possible, that the information presented in our report is consistent with other information which was made available to us during the course of our work. We have not, however, sought to establish the reliability of the information. Alternative Monetary Systems | 3 Contents Terms and definitions .......................................................................................... 4 Executive summary .............................................................................................. 5 Introduction ................................................................................................................. 6 Fundamentals of Monetary Systems ................................ 7 Fundamentals of monetary systems ......................................................
    [Show full text]