Enterprise software maker Datastream Systems, Inc., Greenville, SC, said today it has agreed to be acquired by Infor, an Atlanta, GA-based maker of enterprise resource planning and supply chain solutions for manufacturers and distributors. Under terms of the agreement, Infor will pay $10.26 per share in cash to Datastream stockholders. The plan has received unanimous approval from both boards of directors. The transaction is expected to close in the second quarter of 2006.
According to Infor, Datastream’s Asset Performance Management product will address a key business need among Infor’s customers and target markets. The combined company will have 24,700 customers in 140 countries.