Baan Corporation

Baan was a Dutch manufacturer of standard software for Enterprise Resource Planning and the name of the appropriate software solution. The company Baan no longer exists, it was acquired by SSA Global, which was acquired in August 2006 by Infor Global Solutions. The software solution exists as Baan ERP solution under the name of Infor ERP LN on the product portfolio of Infor.

History of Ex - Baan Company

Eighties

The former company Baan developed in the late 1970s and early 1980s from a consulting company of the founder January Baan in Barneveld, Netherlands. For a computer, the January Baan got the legend as payment for consulting services, then a program was developed for Asset Accounting. The company relocated gradually to offering complete packages (hardware and software modules in BASIC) for these devices. In contrast to the temporary competitors SAP, which was founded by ex- IBM employees, here was a stranger industry success.

Business was good, so additional programmers were hired. 1982 met the brother of the founder, Paul, do so. As before we moved in custom software and custom programming. Mid-1980s, the strategy has been developed to bring reusable modules on the market.

Baan sat on Unix as an operating system and relational databases.

The at that time developing CIM approach to production growth accelerated. Mid-1980s, the forerunner of today Baan software was lifted out of the baptism: " BMCS ", essentially a PPC system. Parallel launched the development of an intermediate layer, which should decouple the software from the hardware: From a Basic -to- C translator developed "Baan tools ".

At the height of the end of 1989 400 people were employed. Baan faced a crisis, and built almost half of the staff positions from. In addition to lines in the range of products, such as hardware or CAD systems have been set. The business was very focused on the software development.

Nineties

1990/1991 was "Triton 1.0", the first product from the family of Baan software package completed. It began a phase of globalization. In the late 1980s an OEM agreement had been concluded with Bull computer, gave the Bull on the right of the marketing of Baan software. In 1991 IBM as a partner to do so. In parallel, a network of international offices has been established, and its own distribution over these branches urged the OEM channel in the background.

1993 invested General Atlantic Partners, an American investment firm, in the former Baan Company. With this capital injection made ​​the jump across the Atlantic. At the same time created by a majority stake in the German distribution partner SPACE GmbH in Hannover, the Baan Germany GmbH. 1995 Baan went to Amsterdam and NASDAQ IPO.

The Group incurred a net trick, which contributed to his downfall: Software licenses have been sold by the parent company to subsidiaries. These capitalized software balance sheet, the mother had high turnover and many licenses sold out. After Baan had changed in 1998 to the U.S. GAAP procedure to be recognized as revenue in the accounting policies, license revenue only if the licenses have actually left the group, the fraud was revealed.

In July 1998, January Baan resigned as CEO, Tom Tinsley took over the post. After the first exchange losses restructuring was decided that until spring fell from October 1998 1999 1200 6200 before the jobs at Baan victim. In Germany 170 employees transferred to outsourced partner companies, 80 were dismissed.

In January 1999, the U.S. investment fund " Fletcher International Limited " invested in Baan and participated for 75 million U.S. dollars ( 126 million DM/64, 42 million euros ) to 2.5 % of the company capital.

From 2000 until the sale of Baan to SSA Global

In January 2000, the Baan chief Mary Coleman resigned from their positions. The former Chairman of the Supervisory Board, Pierre Everaert, took over as acting head of the ailing company.

In February 2000, the Amsterdam Stock Exchange threatened to Baan shares to list separately, if the equity ratio would not be increased within three weeks. Baan then convinced investors to trade convertible bonds earlier than due to Baan shares, and sold the company Meta4, a provider of human resource management systems, as well as a finance specialist CODA. While this washed about 90 million dollars in cash, but had little effect on the share price. When it became known that Jan Baan had sold a large consignment of his shares in the previous year - yet to make regulations known without this - again the already low share price fell by half.

At CeBIT 2000 announced interim CEO Pierre Eveart that Baan for sale would be when it would find an investor. End of May 2000 offered Invensys, a provider of factory automation and engineering services, to to take on all Baan shares at 2.85 euros apiece. Invensys was in early August 2000 that it had now control over 72 percent of Baan shares. Baan has transferred the entire assets and liabilities as at the Invensys Group. There Baan was placed in its own software division.

In the summer of 2004, the software activities were around the Baan solution at Invensys from the SSA Global Technologies, created from the insolvent SSA and with capital of both the owner General Atlantic Partners and Cerberus Capital Management bought out.

From Baan Infor ERP LN is

In August 2006, SSA Global Infor was purchased since then run the Baan solutions in the newer version under the name of Infor ERP LN, Infor 's product portfolio.

Sponsoring

In 1998-2000 Baan shirt sponsor was the then second division club Hannover 96 also Baan was the sponsor of the first World's Fair in Germany, the Expo 2000 in Hanover.