IBS divests Brazil operations

IBS divests Brazil operations 

IBS has signed a final agreement with the management of IBS Brasil Informática
Ltda, a wholly owned subsidiary of IBS AB, to divest the operation to the
management team led by Managing Director Marco Esteves. 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 all existing nine employees, as well as the
office in São Paulo. The terms include a Business Partner section giving the
company exclusive rights to sell IBS products in the Brazilian market for a
period of three years. All existing contracts are also transferred, ensuring
that customers get continued support. The transaction is effective as of October
24, 2008.

“Part of the new strategic initiative is to optimize the route to market and
take advantage of different models in different markets. Brazil is clearly an
interesting market place and one where we do have important customers”, says
Mike Shinya, CEO. “By turning this subsidiary into a business partner with
experienced management and staff, IBS is provided with a good and knowledgeable
platform for taking advantage of the potential for new business that exists in
this market while minimizing our exposure to financial risks.”

For more information, please contact:
Oskar Ahlberg, Senior Vice President of Communications, 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