International Business Systems (IBS) announces 10 MSEK upgrade project agreement with a Swedish distributor

As part of trading in September 2009 a major upgrade project contract was signed with the Logistics and Distribution operations of a Swedish customer

STOCKHOLM, October 5, 2009 – International Business Systems (STO: IBS B) the leading application supplier for wholesale and distribution, today announced that as a part of September trading an agreement was reached with an existing IBS customer to upgrade and extend the software solution for the customer’s logistics and distribution operations. The contract is valued at approximately 10 MSEK. For more information, please contact: Oskar Ahlberg, Senior Vice President of Communications, IBS AB Tel: +46-70-244 24 75 oskar.ahlberg@ibs.net About IBS IBS specialises in differentiating companies from their competitors on the strength of their distribution operations. Founded in 1978, IBS has over 30 year’s experience of distribution in industries ranging from automotive and electronics to paper, publishing and pharmaceuticals. This deep understanding of distribution models and best practices is embodied in IBS’ global distribution system, which is enhanced with local expertise to create a unique system for each IBS client. More than 4,000 companies in 40 countries rely on IBS to improve their distribution operations – enabling them to achieve both increased profitability and higher valued services to the channel. IBS B share is listed on NASDAQ OMX First North Exchange Stockholm. For more information, please visit www.ibs.net