IBS acquires software company in Brazil
Press Release Sep 12, 2000
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.
About International Business Systems
IBS is a leading provider of business software and consulting services for Wholesale Distributors and Manufacturers worldwide. Customers rely on IBS' suite of software applications to automate demand-driven, supply-chain processes and gain a competitive advantage through improved operational efficiencies. IBS is an IBM Global Strategic Alliance Partner. Corporate revenues exceed $300 Million, and a network of almost 2,000 employees that span over 44 countries. IBS headquarters in the Americas is located in Folsom, California.
For further information, please contact:
Dan J. Wells
Vice-President of Marketing, IBS Americas
Tel: 1 (800) 886-3900
dan.wells@ibsus.com
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