IBS divests division in Portugal

IBS divests division in Portugal 

IBS has signed a final agreement with All At Work, which is represented by Luis
Costa, former Area Manager of IBS, to divest a division in Portugal. As
communicated earlier, divestiture of non-core operations is a key step in the
development in IBS and part of the strategy to focus on international
distribution management solutions. 

The agreement covers the transfer of around 90 employees, as well as agreements
for sharing premises in both Matosinhos and Lisbon offices, and the
responsibility and ownership of all locally developed products, namely the SII
4GS and SWAP portfolios. The division has projected revenues of around SEK 40 m
and is currently not profitable. The transaction is effective as of October 1,
2008.

“The divestment of these non-strategic operations reflects our continued
initiative to focus IBS products and resources to core activities in markets
where we see potential for international growth”, says Mark Cockings Senior Vice
President of Sales & Marketing. “I am also pleased that in managing the
transition in a constructive way, rather than merely discontinuing products and
support, IBS has been able to secure stability and continuity for both customers
and employees under the new management of All At Work who are confident in
continuing the business forward.”

For more information, please contact:

Oskar Ahlberg, Investor Relations Director, IBS AB
Tel: +46-70-244 24 75
oskar.ahlberg@ibs.net


IBS in brief
With over 30 years of experience, IBS is a leading provider of distribution
management solutions. IBS focuses on industries such as automotive, electrical
components, paper & packaging and pharmaceutical distribution. More than 5,000
customers across some 40 countries use IBS software to gain fast and measurable
returns on IT investments.

IBS B share is listed on OMX Nordic Exchange Stockholm. For more information,
please visit www.ibs.net