IBS present CEO leaves and the board appoints interim CEO

IBS present CEO leaves and the board appoints interim CEO

The Board of Directors of IBS has come to a mutual understanding with
the present CEO Mike Shinya that he will leave the company.

Solna, Sweden, May 26, 2010 - Mike's departure from the company has been
agreed between the parties and in a positive spirit. The Board has
initiated a search process for a permanent CEO. Until such permanent CEO
is hired the Board has appointed Christian Paulsson as new interim CEO
of the company.
The Board would like to thank Mike Shinya for the almost two years that
he has headed the company. Under Mike's leadership IBS made many
positive changes to the organization and especially significant progress
in turning around new license sales.
Christian Paulsson has been a Board member of the company during the
last two years and since February 2010 he has been Executive Vice
President of Corporate Development and M&A within IBS. Paulsson has
amongst others previous experience as CEO from the boutique investment
bank Lage Jonason AB and various positions within the financial
industry.
 
For more information, please contact:
Pallab Chatterjee
Chairman of the Board
IBS AB
Tel: +1 (972) 529 7335