International Business Systems (IBS) divests car dealership products to Pentana

Press Release
2010-02-08

Australia and United Kingdom divisions specializing in car dealership solutions divested to Australian dealership systems developer Pentana.

STOCKHOLM, February 8, 2010 – International Business Systems (STO: IBS B) the leading application supplier for wholesale and distribution, today announced an agreement with Australian car dealership systems developer Pentana Solutions, to transfer certain a division from its Enterprise suite. The product families within the division, e42 and Electronic Parts Catalogue (EPC) have unique functionality developed by IBS for the complex car dealership market. The agreement covers the transfer of around 30 employees in Australia and the United Kingdom as well as customer contracts for both products.

IBS has a strong heritage in the automotive market developing technologies and systems for its customers that enable them to cope with the demands of the rapidly evolving, fiercely competitive and challenging environment within which they operate.

“The divestment of these products reflects our continued initiative to focus IBS resources on activities and markets where we see our knowledge and experience in wholesale distribution can add value to customer operations", says Mike Shinya, CEO and President of IBS. "The Automotive marketplace is a huge and complex one and for a specialist company like ours this agreement means we can focus on the automotive spare parts distribution market, which is a perfect fit for our suite of distribution products. At the same time our car dealership products have great potential to evolve and succeed under the Pentana brand, particularly in the emerging markets in Asia.”

Steve Kloss, CEO, Pentana Solutions said, “We are extremely excited about the acquisition of the IBS Automotive business. Our full time focus is the automotive industry. We are passionate about it and about delivering value to our customers. This acquisition provides us the opportunity to extend our offering of quality distribution solutions in the wholesale space. We are particularly excited by the opportunity to provide an integrated wholesale/retail solution via “Integration Gold”. This unique offering has been long lacking and will provide huge efficiency gains to both ends of the automotive distribution chain.”

Employees that are affected by this change have been notified, and customers that are running e42 or EPC products will be contacted individually to ensure transition to Pentana.

For more information, please contact:
Oskar Ahlberg, Senior Vice President of Communications, IBS AB
Tel: +46-70-244 24 75
oskar.ahlberg@ibs.net

About IBS
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

For more information about Pentana please visit www.pentanasolutions.com