Infor Hires Wall Street Veteran Jeff Laborde as CFO

NEW YORK, NY--(Marketwired - July 22, 2015) - Infor, the industry cloud company, announced it has hired Wall Street veteran Jeff Laborde as Chief Financial Officer. Laborde, who reports to Infor CEO Charles Phillips, joins as Infor is experiencing high growth, particularly in bookings of its cloud applications, up more than 300% year-over-year in its most recent fiscal year, which ended April 30, 2015¹.

"After investing heavily in R&D to deliver the first set of industry suites delivered in the cloud, Infor is heading into a period of high growth," said Charles Phillips, CEO of Infor. "Jeff Laborde, with his extensive background in technology finance, is a perfect fit to help guide Infor through this next phase in the evolution of the company."

Laborde most recently served as CFO of SumTotal Systems, Inc., a supplier of Human Capital Management (HCM) software. Prior to SumTotal Systems, Laborde was a managing director at Goldman, Sachs & Co. in the Technology, Media & Telecom Group. Earlier in his career, Laborde served in Credit Suisse First Boston's Technology Group and Arthur Andersen LLP's Audit and Business Advisory Group. He has an MBA from the Wharton School of the University of Pennsylvania.

¹ With the change in our fiscal year end from May 31 to April 30 effective for fiscal 2015, our results for fiscal 2015 reflect the 11-month transition period from June 1, 2014 through April 30, 2015. The bookings increase reflected above relates to the 11-month transition period of fiscal 2015 and the comparable unaudited 11-month period from June 1, 2013 through April 30, 2014, as recast for fiscal 2014.

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About Infor
Infor is fundamentally changing the way information is published and consumed in the enterprise, helping customers in more than 200 countries and territories improve operations, drive growth, and quickly adapt to changes in business demands. Infor offers deep industry-specific applications and suites, engineered for speed, and with an innovative user experience design that is simple, transparent, and elegant. Infor provides flexible deployment options that give customers a choice to run their businesses in the cloud, on-premises, or both. To learn more about Infor, please visit www.infor.com.

Infor customers include:

• 18 of the top 20 aerospace companies
• 10 of the top 10 high tech companies
• 10 of the top 10 pharmaceutical companies
• 21 of the 25 largest U.S. healthcare delivery networks
• 18 of the 20 largest U.S. cities
• 20 of the top 20 automotive suppliers
• 17 of the top 20 industrial distributors
• 15 of the top 20 global retailers
• 4 of the top 5 brewers
• 21 of the top 30 global banks
• 6 of the 10 largest global hotel brands
• 6 of the top 10 global luxury brands

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For more information:
Dan Barnhardt
Infor
646-336-1731
[e-mail]