IBS acquires IT company in Finland

IBS acquires IT company in Finland IBS has acquired 90% of the shares in Progma OY, a service provider within facility management, Application Service Providing (ASP), and Internet Hosting. Progma has 20 employees and some 30 customers. - This acquisition reinforces IBS' strong position on the Finish market, says Staffan Ahlberg CEO of the IBS Group. We now have 150 employees in Finland working out of 8 offices. We can now support present and future customers in Finland with increased services within facility management, Application Service Providing, and Internet Hosting. - These market areas are growing rapidly. Many customers, especially midsize companies, want to outsource support services to one service provider in order to reduce costs and efforts. They thereby gain the advantage of having one single supplier responsible for software, services, support and hosting, says Magnus Wastenson, Vice President, Marketing at IBS. For more information, please contact: Staffan AhlbergCEO of IBS AB +46-8-627 2420 +46-70-6272420 Magnus Wastenson VP Marketing +46-8-627 2515 +46-70- 6272515 IBS AB, with headquarters in Stockholm, is listed at the Stockholm Stock Exchange. The IBS Group is a world leading international supplier of business systems and professional services. IBS has 2,300 employees and 4,800 customers in 40 countries. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/04/20000104BIT00260/bit0001.doc http://www.bit.se/bitonline/2000/01/04/20000104BIT00260/bit0002.pdf