Infor Global Solutions is acquiring Mapics for $12.75 a share, a deal worth some $347 million, the companies said Thursday.

Both firms focus on enterprise software solutions.

The deal will form one of the largest such companies in the world, according to Infor. The combined operation will have more than 17,500 customers in more than 70 countries.

“The combined company has the scale and resources to continue to support our extensive customer base while investing in enhancements and long-term product innovation. said Jim Schaper, Infor’s chairman and chief executive officer, in a statement. “Both current and future customers will benefit from our exclusive focus on manufacturing and distribution and our world-class team of professionals with deep vertical expertise.”