STOCKHOLM, January 8, 2010 – International Business Systems (STO: IBS B) the leading application supplier for wholesale and distribution, today comments on media speculations about rumors that a third party company is in discussions with IBS to acquire all or part of IBS, leading to suspension of trading of the IBS share on the NASDAQ OMX First North Exchange Stockholm.
IBS confirms that third parties have contacted the Board of Directors of IBS and indicated interests to acquire all or part of IBS. These contacts have not been initiated by the IBS Board. As the software industry is consolidating and in the interest of the shareholders of IBS, the IBS Board has decided that it should evaluate the strategic options for the company. Discussions in relation to a possible transaction are ongoing but at an early stage and no binding declaration of interest has been received. Further, no time table for possible continued discussions has been agreed.
IBS will submit further information if and when so is required.
IBS AB (PUBL), by the Board of Directors
For further comment, please contact:
Christian Paulsson, director of the board
Phone: +46 70 211 0010
International Business Systems (IBS), the leading business application supplier for wholesale and distribution, helps companies differentiate themselves on the strength of their distribution operations.
Founded in 1978, IBS has over 30 years of experience in the distribution industries ranging from automotive and electronics to paper, publishing, pharmaceuticals, food and beverage. This deep understanding of distribution models and best practices is embodied within IBS Enterprise, a distribution resource management application suite on which thousands of the world’s most successful companies now rely.
IBS B share is listed on NASDAQ OMX First North Exchange Stockholm. For more information, please visit www.ibs.net