International Business Systems (IBS) announces new contract with more than 20 MSEK software license value, the largest in the history of the company A major contract to deliver software and services for the Logistics and Distribution operations of a multinational customer has been signed. The software license value of the contract is in excess of 20 MSEK. STOCKHOLM, December 28, 2009 - International Business Systems (STO: IBS B) the leading application supplier for wholesale and distribution, today announced that an agreement was reached with an existing IBS customer to upgrade and extend the software solution for the customer's logistics and distribution operations. The initial license value of the contract is over 20 MSEK, which is the highest initial license value for a single order that has been signed in IBS' history. Further information about this contract will be distributed in consultation with the customer in question. 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
International Business Systems (IBS) announces new contract with more than 20 MSEK software license value, the largest in the history of the company
| Source: IBS AB