IBS acquires Swiss IT company

IBS acquires Swiss IT company IBS has acquired 75% of the shares of its Swiss business partner, Hostettler Informatik AG. The company has a staff of 53, offices in Bern and Zurich and some 100 customers. Hostettler focuses mainly on software and services for e-business, distribution and Customer Relations Management. The Hostettler management keeps 25% of the shares, with an option for IBS to acquire also these shares. - Switzerland is an interesting and growing market with many large and international companies, says Staffan Ahlberg, CEO of IBS. For a number of years, we have had a most rewarding co-operation with Hostettler, and they have sold and installed IBS software in Switzerland with great success. The founder of the company, Roland Hostettler, will stay on as Managing Director of the new company. Hostettler's customers are found primarily within the pharmaceutical, financial, food and textile industries. With this acquisition, IBS now has its own operative units in 20 different countries. It is an important feature in IBS' business strategy to acquire quality business partners in order to secure excellent and long-term service for our customers. For further information: Staffan Ahlberg CEO of IBS AB +46-8-627 2420 +46-70-6272420 Magnus Wastenson VP Marketing +46-8-6272515 +46-70-6272515 Christina Wågström IR Director +46-8-627 2460 +46-70-6272460 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. The Group has a revenue of some SEK 3bn, 2,400 employees and some 5,000 customers in more than 40 countries. ------------------------------------------------------------ Please visit http://www.bit.se for further information The following files are available for download: http://www.bit.se/bitonline/2000/01/20/20000120BIT00190/bit0001.doc http://www.bit.se/bitonline/2000/01/20/20000120BIT00190/bit0002.pdf