Private equity-backed software company Infor is buying GT Nexus for $675 million as interest in cloud-based services continues to drive deals. (For more on how e-commerce services add to M&A, watch our video interview, below.)

Oakland, California-based GT Nexus develops cloud-based commerce software used by logistics providers and financial institutions. The target’s software provides a global order management system that allows users to coordinate with suppliers to handle shipping.

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