Golden Gate Capital Completes Eleventh Software Public-To-Private Transaction

Portfolio Company Infor Simultaneously Acquires Publically Traded SSA Global Technologies and Systems Union Plc

SAN FRANCISCO (August 2, 2006) – Golden Gate Capital, a San Francisco-based private equity firm with $2.8 billion of capital under management, announced today that it has completed its 10th and 11th going private transactions in the software industry with the $460 million acquisition of Systems Union Group plc (AIM: SUG) and the $1.7 billion acquisition of SSA Global Technologies, Inc. (Nasdaq: SSAG). In the past five years, Golden Gate Capital has completed 42 investments in or acquisitions of software companies across a broad range of application segments, with target companies ranging in revenue from $10 million to $1 billion.

On a consolidated basis, Golden Gate Capital’s software portfolio generates approximately $4 billion in annual revenue and would be the sixth largest software company in the world. Notable Golden Gate Capital investments include Infor Global Solutions, one of the largest global providers of enterprise software, Aspect Software, the largest software company focused solely on the contact center, and Plant Equipment, a leader in emergency response technology.

“Golden Gate Capital’s success and scale in software investing allows us to operate more like a strategic acquirer than a traditional private equity firm,” said David Dominik, a Managing Director at Golden Gate Capital. “We differentiate ourselves from our peers based upon this strategic mindset that allows us both to identify fertile investment opportunities pro-actively and to react very quickly when opportunities find us. We believe our approach will continue to generate attractive investment options and we plan to remain very active in the software sector across a broad range of transaction types, including management and leveraged buy-outs, growth equity investments, and public market investing.”

Infor, Golden Gate Capital’s largest software portfolio company, traces its roots to the purchase of a $35 million revenue division of Systems & Computer Technology (SCT) in November 2002. Since then, Infor has completed over 20 add-on acquisitions to become the leading worldwide provider of enterprise applications to the mid-market, with revenue approaching $2.1 billion and a customer count of over 70,000.

“The strong partnership between the Infor management team and Golden Gate Capital creates a unique opportunity to drive growth both through organic initiatives as well as through acquisition,” said Jim Schaper, chairman and CEO of Infor. “Our cross-functional business development team — involving members of our sales and technical organizations in addition to Golden Gate Capital staff — allows us to evaluate a range of strategic alternatives that few players have the capability to pursue. I’m not aware of any other financial sponsor who uses a model similar to Golden Gate Capital.”

Software companies that Golden Gate Capital has taken private include SSA Global Technologies; Systems Union Plc; NetIQ; Geac Computer Corporation; Datastream; Aspect Communication; Blue Martini; Mapics; QRS; Concerto Software; and Infor AG. Other representative investments include MicroFocus; Inovis; Ecometry Corporation; Attachmate; Hansen Information Technologies; and Symon Communications.

About Golden Gate Capital

Golden Gate Capital is a San Francisco-based private equity investment firm with approximately $2.8 billion of capital under management. Golden Gate Capital is dedicated to partnering with world-class management teams to invest in change-intensive, growth businesses. Golden Gate targets investments in situations where there is a demonstrable opportunity to significantly enhance a company’s value. The principals of Golden Gate Capital have a long and successful history of investing with management partners across a wide range of industries and transaction types. For more information, please visit

About Infor

Infor delivers fully integrated enterprise solutions for specific industries, as well as best-in-class standalone products that address the essential challenges its customers face in areas such as enterprise resource planning, supply chain planning and execution, customer and supplier relationship management, asset management, product lifecycle management, and business intelligence. With more than 8,100 employees and offices in 100 countries, Infor provides enterprise solutions to more than 70,000 customers. For additional information, visit