'We never really invested much in the APM space, and that became a drawback, because just having EAM is not good enough,' he said. The EAM market is changing as customers are looking to go beyond traditional EAM functionality by adding more capabilities that target asset performance management (APM), which relies on advanced technology such as industrial IoT sensors and AI to enable more predictive maintenance.įor Infor, the customer push toward APM meant it would need to put money into developing the technology, which was a daunting prospect, Somasundaram said. The deal with Hexagon was made to advance the EAM platform, not to generate cash for Infor, Somasundaram said. Soma Somasundaram, president of products and CTO at Infor, said the divestment of Infor EAM will enable the company to focus on developing its core CloudSuite ERP products. Hexagon's applications are primarily used by manufacturing, oil and gas, utilities, construction, agriculture and surveying industries.

Infor and Koch Equity Development - both subsidiaries of Koch Industries - will pursue product development and strategic partnerships with Hexagon, and Koch Industries will take a 4% stake in Hexagon.īased in Stockholm, Hexagon provides technology and infrastructure that enable users to create 3D digital simulations of industrial equipment, buildings and geographies, which can then be analyzed.

Infor eam sold to hexagon