IBS application software and services chosen for European operations of a world leading distribution company
STOCKHOLM, July 15, 2009 - International Business Systems (STO: IBS B) the leading application supplier for wholesale and distribution, today announced a contract with a major global customer for further installation of 1,000 users and status as preferred supplier for all European operations. The contract is valued at around 50 MSEK over the next two years, of which around 17 MSEK represents license fees.
"This is an achievement of which we are very proud", says Mike Shinya, CEO and President of IBS. "This is a customer using several business systems throughout the group today, of which we were one. We have undergone rigorous scrutiny from the professional team at this customer, not only in demonstration environments but by developing and implementing business critical systems for highly demanding units in several countries. Rolling out further in Europe, where the overwhelming majority of this company's users are, also requires that we evolve our solution together with this client, and this is something both parties will benefit from."
For more information, please contact:
Oskar Ahlberg, Senior Vice President of Communications, IBS AB
Tel: +46-70-244 24 75
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