Charles Phillips and Tech Applications Future
February 21st, 2012 | 
Author: Charles Phillips, a financial wizard in the technology applications world did not come into his own until he joined Oracle in the early 2000’s. At that time, he was recruited from Morgan Stanley and offered a co-presidency. The position immediately became both beneficial to Phillips and to Oracle. In the eight years prior to Phillips’ coming on board, Oracle had only acquired a few companies, none of which gave them the amount of revenue that those products Phillips helped them acquire did. During his seven years as co-president, Charles managed to help Oracle acquire more than a few important companies with products that complemented Oracle’s base products very well. Some of these companies included PeopleSoft, BEA, i-flex and more.
These added product lines allowed Oracle to grow in revenue by 300 percent and some analysts say it is this growth with Phillips co-direction that allowed the company to culminate its purchasing power with Sun Microsystems just shortly after having let Phillips go. In 2010, Phillips began to have small issues both in his professional and personal life. These led to his stepping down from his position. During the same period Infor, the third largest business software applications firm was looking for a CEO replacement.
Infor believed Phillips to be the ideal candidate. He is known as an excellent man with the organizational and managerial skills needed to take Infor to the levels of success they wanted. It seems that they were not disappointed and no sooner did Phillips start in his new position, he began with the acquisition of Lawson software, a product that clearly compliments Infor’s base product. He did not stop there, within three days of completing his acquisition, he quickly authorized the funding for hiring 100 software programmers to better develop their products.
In the year, Charles Phillips has been with Infor, he has acquired a few companies and helped further develop Infor’s base product. Already revenue has increased by 10 percent and Phillips has just barely scratched the surface, as most of the time he has spent projecting the future roadmap for Infor.
What does the future hold for Infor. Well, they hope for much of the same. Does this mean Infor will go public? No one can say for sure but analysts believe there would be no better time to go public as this would give them the needed funds to make further purchases that can add future revenue to the company.
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