IFS continues to invest in Mobility & Field Service Management with the acquisition of Metrix LLC.

IFS, the global enterprise applications company, today announces that it has
signed an agreement with the owners of Metrix LLC (“Metrix”) to purchase 100
percent of the membership interests. The purchase price will be paid in cash.
The acquisition will further strengthen IFS’s market position in the high-growth
global Mobility & Service Management application market.
Metrix was founded in 1980 in the USA and is 100 percent focused on providing
advanced Mobility & Service Management applications. The company is
headquartered in Waukesha (Wisconsin, USA) with subsidiaries in the Netherlands
and Singapore.

The company generated net revenue of $8.7 million and EBITDA amounting to $1.3
million in the financial year ending December 31, 2011.

Metrix has built a very strong position providing service management solutions
to industries such as Asset & Capital Equipment, Telecommunications, High Tech &
Medical Device Manufacturing, Transportation, and Third Party/Outsourced Field
Service Operations. They have approximately 90 customers including many well
-known brands such as the Ericsson Group, Motorola, Xerox, Space Engineering
Services, DHL, Auto Windscreens, ITT, IMAX, Ingenico, Makino and Sysmex.

The acquisition provides IFS with a state of the art, built–in, configurable and
packaged mobile application for the field service market. This solution offers
short time to value and a robust, mobile development framework which will add
valuable mobile technology and experience to IFS. Metrix has provided mobile
solutions to the field service market since 1991, and has continued to innovate
to offer modern, leading-edge technology.

By combining IFS, Metrix, and IFS 360 Scheduling, a real-time workforce
scheduling solution, IFS can realize strong revenue synergies as it gives IFS
the most complete service management offering on the market - from a single
vendor. IFS now provides both a broader service and project centric ERP solution
for asset intensive industries (long life capital equipment), as well as a more
customer-centric (contact center, workforce scheduling) solution for high volume
service providers - both combined with a state-of-the-art on/off-line mobile
application.

In addition, the acquisition further extends IFS’ existing cloud strategy.
Metrix is available through multiple deployment options: On-premise, Software-as
-a-Service (SaaS) or Software + Services.

“With the acquisition of Metrix, IFS can be seen as executing on its stated
strategy for growth by investing in one of the fastest growing sectors for
enterprise applications. Market penetration of advanced service management &
mobility solutions is estimated by Gartner at only 20 percent of the addressable
market, with highest demand in capital-intensive industries such as utilities
and telecoms. This acquisition gives IFS an excellent platform to exploit the
growth potential in this market and provide solutions to help our customers
deliver competitive advantage. IFS will significantly strengthen its execution
capabilities in this very attractive sector, especially in North America, to the
benefit of all our existing and new customers” Alastair Sorbie, IFS CEO said.

Larry Laux, Metrix Founder, said, “IFS and Metrix will be an unstoppable force
in the service management and mobility market. IFS, with its international
presence, strong position in service & asset management and customer-focused
culture is an ideal fit with Metrix. My team and I very much look forward to
joining IFS and continuing to accelerate the growth of the mobile workforce
management business”.

IFS Americas will be responsible for integrating Metrix. President & CEO of IFS
Americas, Cindy Jaudon, looks forward to welcoming both new customers and
employees to IFS.

IFS expects that there will be a positive earnings impact from the acquisition
in 2012.
Contact Information
Anne Vandbakk
Telefon: 46 8 58 78 45 00
Corporate Communications Director
anne.vandbakk@ifsworld.com

Fredrik vom Hofe
Phone: 46 8 58 78 45 00
Group Senior Vice President Business Development
fredrik.vom.hofe@ifsworld.com
About Metrix LLC.
Metrix was established in 1980 in Waukesha (Wisconsin) USA and is 100% focused
on providing advanced Service Management & Mobility Software. The company has
more than 50 employees of which the majority are based in Waukesha (HQ), and
there are small sales offices in Singapore and the Netherlands, and a sales
partner in the UK (FMS). The company generated net revenue of $8.7 million and
EBITDA amounting to $1.3 million in the financial year ending December 31, 2011.

Metrix is very strong in industries like Asset & Capital Equipment,
Telecommunications, High Tech & Medical Device Manufacturing, Transportation and
Third Party/Outsourced Field Service Operations. They have almost 90 customers
including many famous brands such as Ericsson, Motorola, Xerox, Space
Engineering Services, DHL, Auto Windscreens, ITT, IMAX, Ingenico, Makino and
Sysmex.

About IFS
IFS is a public company (OMX STO: IFS) founded in 1983 that develops, supplies,
and implements IFS Applications™, a component-based extended ERP suite built on
SOA technology. IFS focuses on industries where any of four core processes are
strategic: Service & asset management, manufacturing, supply chain and projects.
The company has 2,000 customers and is present in approximately 60 countries
with 2,800 employees in total. Net revenue in 2011 was SKr 2.6 billion.

More information on IFS is available at www.IFSWORLD.com

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IFS discloses the information herein pursuant to the Financial Instruments Act
(1991:980) and/or the Securities Markets Act (2007:528). The information was
submitted for publication on May 23, 2012, at 10:00 a.m. CEST.