That followed the completion of the company’s takeover by Koch Industries from Golden Gate Capital with the retirement of all its public debt. With the takeover, Koch also replied the Infor board of directors. That included Jim Schaper, who founded Infor in 2002 under the name Agilisys in Malvern, Pa. The company took its name from a German organization, Infor Business Solutions, which it acquired in February 2004. The replacement of the board also ends the involvement of Charles Phillips, who was CEO from October 2010 through August, when he became chairman of the board and named CFO Kevin Samuelson to replace him as CEO. Phillips brought a team of executives with him from Oracle in 2010 and converted Infor from an organization that lacked respect in the software business into a serious player. Infor had already established itself as company that grew through acquisition and Phillips built on that with deals such as the $2 billion of Lawson Software in 2011 and Nexus for $615 million in 2015. Infor began reporting results with the registration of two tranches of U.S debt for $1.57 billion and one for 250 million euros. Infor reported pro forma revenue of $2.6 billion for the year ended May 31, 2012. It reported revenue of $3.17 billion for the year ended April 30 2019. In its last financial report to the SEC, Infor said it had $2.33 billion in revenue for the nine months ended January 31, essentially unchanged from the corresponding period a year earlier.