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Infor to Buy GT Nexus for $675 Million as CEO Phillips Bulks Up

Infor Inc., the business-software supplier run by former Oracle Corp. executive Charles Phillips, agreed to buy manufacturing-software maker GT Nexus for $675 million.

Infor, a closely held maker of manufacturing, government and health-care programs based in New York, is buying Oakland, California-based GT Nexus for its supply-chain management software that can be distributed and updated on the Web. Infor said in a statement Tuesday it expects to complete the purchase within 45 days.