Business application software provider Infor is to expand its engineering organisation by hiring about 400 additional software developers.
The company, which serves more than 70,000 customers in 125 countries, will begin to recruit development staff, with plans to complete the expansion before the end of 2011.
“We will ship significantly more new features and new releases this year than ever before. This investment in core research and development is a milestone in Infor’s commitment to innovation,” said Soma Somasundaram, senior vice-president of Global Product Development. “All of our existing and newly hired engineers will focus on one thing – building great applications.”
This investment comes after the first quarter closed under the leadership of the new management team. “Our license growth of 17pc and increased cash operating margins of 24pc demonstrates the strength of the momentum we are seeing. Strong revenue performance and improved operational efficiency has increased our operating margins and generated cash flow beyond our targets for the quarter. The improved margins, along with further improvements in operating efficiencies, will fund the additional investment in product development.”
“Customers are responding well to the new releases, standards based integration through our ION platform, and our planned consumer-grade user experience. We added 400 net new customers in the quarter. For existing customers, our plan is to increase the value of support by delighting them with deep industry features they asked for and others they didn’t expect”, said Duncan Angove, president of Products, Support and Marketing.
The development will be focused on specific applications in manufacturing, distribution, public sector, and hospitality, and also on Infor’s best in class cross-industry applications including financial management, asset management, workforce management, customer relationship management, supply chain management, and product life cycle management.