IBS acquires software company in Brazil

IBS acquires software company in Brazil IBS has acquired all shares in INFOX Ltda, based in Sao Paolo. The company has some 20 employees, and is focused on supply chain management software solutions. INFOX customers include large companies, such as Sylvania, Lear Corporation, SKF, Cartier, Singer and Volvo. Operations will be integrated with IBS Brasil, bringing the total number of employees in Sao Paolo to more than 30. - We will now achieve a larger critical mass for continued expansion in the Brazilian market, says Magnus Wastenson, VP International Marketing at IBS Corporate Headquarters. Brazil is in an interesting phase of expansion. IBS' extensive Portuguese operations, which are closely linked to the operations of IBS Brasil, are furthermore generating many new customers and valuable contacts in Brazil. The acquisition is expected to have a positive effect on the IBS profit per share already this year. For further information, please contact: Magnus Wastenson, VP Marketing, IBS AB Christina Wågström, Head of IR, IBS AB Tel: +46 (0)8 6272515, +46 (0)70 6272515 Tel. +46 (0)8 6272460, +46 (0)70 6272460 Email: magnus.wastenson@ibs.se Email:christina.wagstrom@ibs.se Marie Louise Cassel, Press Officer, IBS AB Tel: +46 (0)8 6272429, +46 (0)70 6272429 Email: marie-louise.cassel@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 software and professional services to large and midsized companies. IBS has a revenue of some SEK 3bn, around 2,400 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/2000/09/12/20000912BIT00460/bit0001.doc http://www.bit.se/bitonline/2000/09/12/20000912BIT00460/bit0002.pdf