Australian software house acquired by IBS
Press Release Feb 22, 2001
BS has acquired all shares in the Melbourne-based software house Network400, with 30 employees. For several years, the company has been a successful partner, selling IBS' software.
"Australia is a very interesting and dynamic market", says Staffan Ahlberg, CEO of the IBS Group."Network400 is a well-run company with an excellent track record in this marketplace. The acquisition will not change the forecast consolidated profit per share of IBS."
The knowledge and experience of the Network400 staff is an essential asset for IBS Australia. Through this acquisition, IBS now has more than 40 employees supporting the Australian market out of both Sydney and Melbourne."Our software targets the Distribution and wholesale industry, which is a strong and growing segment of the Australian market," says Staffan Wensing, CEO of IBS Australia."With the activities we are currently engaged in, we see a hectic and successful year ahead of us."
"We always felt comfortable working with IBS. They have the people, the products and the processes to succeed," says Gary Carpenter and Neil Macleod, Directors of Network400.
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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