IBS acquires French company
IBS acquires French company IBS France has acquired 50% of the shares in J.P. Services S.A., with offices outside Paris. The company is specialised in server and network solutions based on IBM iSeries and on professional services for Lotus Notes and IBM's development platform, WebSphere. The acquisition of J.P. Services is part of IBS France's strategy to further strengthen the company's position as a one-stop-shop supplier of business software, professional services, and server and network solutions based on new technology. Following the acquisition, IBS now has approximately 210 employees in France. J.P. Services has experienced considerable growth since being established in 1997. Year 2000 revenue amounted to around SEK 50m. The company is profitable and is well-reputed on the French market. The seller is the founder of the company, Jean-Paul Poirot, who will continue as Managing Director. "IBS' French operations have shown a steady and positive development trend for many years now. Through the acquisition of J.P. Services, we now extend our range to cover also network solutions and WebSphere technology", says Staffan Ahlberg, CEO of the IBS Group. For information please contact: Staffan Ahlberg, CEO, IBS AB Magnus Wastenson, VP Global Marketing, Tel: +46 (0)8 6272420, IBS AB +46 (0)70 6272420 Tel: +46 (0)8 6272515, email: staffan.ahlberg@ibs.se +46 (0)70 6272515 email: magnus.wastenson@ibs.se Björn Bontin, CFO, IBS AB Tel. +46 (0)8 6272402, +46 (0)70 6272402 email: bjorn.bontin@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/2001/03/28/20010328BIT00330/bit0002.doc http://www.bit.se/bitonline/2001/03/28/20010328BIT00330/bit0002.pdf