IBS expands to Russia

News & Events 2004-12-08

IBS expands its operations into the fast-growing Russian software market. The company has signed a cooperation agreement with the Moscow based software company Cinimex Informatica.

IBS AB (XSSE IBS B), International Business Systems, has signed a business partner agreement with the Russian IT support company Cinimex Informatica. Cinimex will sell and provide installation, training and helpdesk services for IBS Enterprise software, ASW and IBS Integrator on the Russian market. Cinimex Informatica is located in Moscow and is an IBM business partner with extensive experience and has certified engineers on the IBM iSeries platform.

Rapid expansion of Russian ERP market The Russian ERP market is estimated to grow at about 30 percent per year. Market research company IDC estimates that the market will expand from 13,000 systems in 2001 to 50,000 in 2007. According to IDC, especially small and medium-sized companies will soon begin utilising Enterprise Resource Planning systems. There are some international companies in the market already, but considering the market size and growth, the prospects are promising. The challenge for systems providers is to offer sector-specific solutions.

- In Russia, it is essential to find a strong local partner. The Russians demand local references to support their decision making. Additionally, the support services must be in Russian and as close to the customer as possible, says Olof Agervald, Business Analysis Director at IBS.

- There is a demand for IBS’s supply chain management software in Russia. Logistics and delivery are a rapidly expanding business, says Andrei Sykoulev, Business Development Director of Cinimex Informatica.

The first Russian installation IBS Enterprise software has been translated and is now available in Russian. The main goal is to serve IBS customers operating in Russia. The first Russian installation, for the Finnish customer Helkama Forste, has started and is expected to go live in the beginning of 2005. The software has also been modified to meet the Russian legislation.

- We added customs number monitoring and necessary documents in Russian to the sales and materials management system. Financial solutions require various reporting features, for example for accounting for value added taxes and Russian corporate income taxes, continues Olof Agervald.

For more information, please contact:

Olof Agervald, Business Analysis Director IBS AB Telefon:: +46 8 627 24 55 Mobil: +46 70 627 24 55 olof.agervald@ibs.net

John Womack, Director Corporate Communications Telephone: + 46 8 627 24 99 Mobile: +46 70 678 24 99 john.womack@ibs.net

IBS AB (XSSE: IBS B), International Business Systems, is a leading provider of business software for supply chain management, business intelligence, financial control and demand-driven manufacturing. IBS' primary focus is mid-sized and large wholesale distributors as well as sales and manufacturing companies in international groups, especially in pharmaceuticals, electrical and electronic parts and equipment, automotive parts and supplies, machinery, industrial supplies food & beverage and consumer durables.