IFS invests for growth in Latin America—acquires LATINIFS Tecnologia da Informação S.A.
IFS, the global enterprise applications company, today announces that it has signed an agreement with the owners of LATINIFS Tecnologia da Informação S.A. (“LatinIFS”) to purchase 100 percent of the shares of the company. The purchase price will be paid in cash. The acquisition will further strengthen IFS’s market position in the high-growth Latin American market and in IFS’s focused sectors like Oil & Gas, Utilities, and Engineering & Construction.LatinIFS was established 2004 and is an IFS Applications distributor and implementation partner in Latin America. The company is headquartered