When Innovators Make Moves
November 13, 2012 Pros Corner
In 2010, Charles Phillips made the decision of leaving Oracle. He is now known as the CEO Phillips Infor. If you were unaware of his position at Oracle, he was the president, and the CEO Phillips Oracle legacy will leave a lasting and positive impression in the industry.
Oracle is one of the largest enterprise software companies of today. Charles Phillips had a major role to play in achieving this milestone. During his seven years, the company grew significantly, and competed with the sole industry leader SAP for a share of markets.
With Charles, Oracle adopted a more aggressive approach, starting with the purchase of PeopleSoft for $10.3 billion in 2005. With Charles, the company was making study growth in revenues at 15% per year.
In the year he left, the company’s sales reached $26.8 billion while the revenues grew up to 300 percent. He helped in the acquisition of 70 companies during his time at Oracle, with Sun Microsystems regarded as one of the biggest.
After leaving Oracle, he brought his legacy over to Infor. He is the current chief operating officer of the company. He kept most out of the limelight until now. He was planning for the future direction of the company’s vast portfolio of enterprise resource application (ERP), which makes it the third-largest ERP vendor after Oracle and SAP.
After his arrival, the company acquired Lawson Software for $2 billion in April 2011. Charles also invested into development, hiring of new developers and moving the headquarters to the ‘Silicon Alley in New York’. The company also launched Infor 10, a next-generation set of technologies.
Charles spent 90 percent of his time with the development organization, helping those decisions by going through the product strategy. When he arrived, there were 2-3 guys working on mobiles. He built a single mobile team which is much larger and productive.
Infor and Charles future plans include ‘micro verticals’, within the broader vertical market categories. Currently, they are focused on 13 verticals. A few of them include high-tech, aerospace, fashion and automotive.
Infor wants to make things specific to particular sections of the economy, rather than a particular industry. For example, ‘grower accounting’ is a micro-vertical. Infor wants to lower the customization expense, and the time to market for such verticals. They want how the formula management works for these micro verticals. The company wants to say these verticals don’t need consultants, they can get started today.
Infor is competing with the likes of Epicor and Microsoft Dynamics at the lower end while SAP at Oracle at the higher. The company also has some customers in plants, which have Oracle and SAP for financials at headquarters. According to a research conducted by TechValidate, Infor looks to expand into other markets outside the U.S., thanks in large part to Charles Phillips.