Offer document made public regarding Symphony Technology Group’s offer for IBS

The offer referred to in this press release is not being made, and this press release may not be distributed, directly or indirectly, in or into, nor will any tender of shares be accepted from or on behalf of holders in, Australia, Canada, Japan, New Zealand or South Africa, or any other jurisdiction in which the making of the offer, the distribution of this press release or the acceptance of the offer would contravene applicable laws or regulations or require further offer documents, filings or other actions in addition to those required under Swedish law.

Symphony Technology Group via Sweden Acquisition. Corp. (“STG”) today made public the offer document regarding STG’s offer for IBS AB (publ).

The offer document is available on www.symphonytg.com and www.mangold.se. The offer document can be ordered free of charge from Mangold, telephone number +46 8 503 015 80, and will also be distributed, together with an acceptance form, to directly registered shareholders.

For additional information about the offer, please contact J.T. Treadwell, Managing Director at STG, on +1 650-935-9529.

The information was submitted for publication at 8.00 a.m. CET on May 27, 2011.

For more information, please contact:

Jeanette C Lind
VP of Corporate Marketing
IBS AB
46 70 860 25 73
jeanette.lind@ibs.net

IBS in brief
With over 30 years of experience, IBS is a leading provider of distribution management solutions. IBS focuses on industries such as automotive, electrical components, paper & packaging and pharmaceutical distribution. More than 4,000 customers across some 40 countries use IBS software to gain fast and measurable returns on IT investments.

IBS B share is listed on NASDAQ OMX First North Stockholm. For more information, please visit www.ibs.net  

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About Us

International Business Systems (IBS), the leading business application supplier for wholesale and distribution helps companies differentiate themselves on the strength of their distribution operations. Founded in 1978, IBS has over 30 years of experience in the distribution industries ranging from automotive and electronics to paper, publishing, pharmaceuticals, food and beverage. This deep understanding of distribution models and best practices is embodied within IBS Enterprise, a distribution resource management application suite on which thousands of the world’s most successful companies now rely.