IBS acquires Australian software house
IBS acquires Australian software house IBS has acquired all shares in the Melbourne-based software house Network400, with 30 employees. For several years, the company has been a successful partner, selling IBS' software. "Australia is a very interesting and dynamic market", says Staffan Ahlberg, CEO of the IBS Group. "Network400 is a well-run company with an excellent track record in this marketplace. The acquisition will not change the forecast consolidated profit per share of IBS". The knowledge and experience of the Network400 staff is an essential asset for IBS Australia. Through this acquisition, IBS now has more than 40 employees supporting the Australian market out of both Sydney and Melbourne. "Our software targets the distribution and wholesale industry, which is a strong and growing segment of the Australian market", says Staffan Wensing, CEO of IBS Australia. "With the activities we are currently engaged in, we see a hectic and successful year ahead of us". "We always felt comfortable working with IBS. They have the people, the products and the processes to succeed", says Gary Carpenter and Neil Macleod, Directors of Network400. For more information, please contact: Björn Bontin, CFO of IBS AB Magnus Wastenson, VP Int'l Marketing, IBS AB Tel. +46-8-627 24 02, +46-70- Tel. +46-8-627 25 15, +46-70- 627 24 02 627 25 15 Email: bjorn.bontin@ibs.se Email: magnus.wastenson@ibs.se IBS AB, with headquarters in Stockholm, is listed on the Stockholm Stock Exchange. The IBS Group is a world-leading international supplier of web- enabled business and supply chain management software and professional services for large and mid-sized companies. IBS has some 2,300 employees and 5,000 customers in more than 40 countries. ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/02/22/20010222BIT01220/bit0001.doc http://www.bit.se/bitonline/2001/02/22/20010222BIT01220/bit0002.pdf