IFS AB Acquires Metrix LLC According to BAC Company Report18 Jun 2012 • by Natalie Aster
LONDON – End of May IFS announced its acquisition of Metrix LLC, a provider of advanced Service Management & Mobility Software from Waukesha (Wisconsin). This purchase will further increase IFS’ strength in Mobility & Service Management application market. Metrix is designed for various deployment options (like SaaS or On-premise) therefore improving IFS cloud systems. IFS expects this acquisition to be profitable in 2012.
IFS has been showing robust performance in the last years. 2011 was market by operations optimization: revenue declined by 0.3% to SEK 2.58 B, gross profit improved by 4.9% to SEK 1.24 B, operating income added 5.4% to its previous value and amounted SEK 233 M, net income reached SEK 156 M which is a 16.4% increase. Q1 2012 results reflect seasonal slowdown with revenue of SEK 643 M, gross profit of SEK 281 M, operating income of 12 M, and net income of SEK 6 M. Despite the ongoing uncertainty in the financial markets IFS enjoys faster growth of sales pipeline compared to the same period last year.
Founded in 1983 and headquartered in Linköping (Sweden), IFS engages in design, development and distribution of ERP solutions based on SOA approach. The company is present in over 60 world countries with 20 support centers and more than 2800 employees. IFS maintains strategic alliances with related companies, such as BAE Systems, Microsoft, NEC, or Oracle. Since 1996 it is present on Swedish Stock Exchange under the ticker IFS.
More details on the company’s history, business, clients, financials and experts’ forecasts can be found in the report “Industrial & Financial Systems IFS AB Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: Industrial & Financial Systems IFS AB Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Jun, 2012
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