International Business Systems (IBS) Signs $1.5m License Contract in the US Market

Sydney, Australia (PressExposure) September 07, 2009 -- International Business Systems (STO: IBS B) the leading application supplier for wholesale and distribution, today announced a significant contract with a large American importer and distributor of spare parts, to deliver business systems to help make inventory, logistics and distribution processes more effective. IBS application software and services have been chosen to help expand distribution management for a leading distributor's US, Canadian and Mexican operations. The agreement contains a substantial license fee, of which $1.5M (SEK 10 m) that was recognized as part of the second quarter earnings.

Further details of this contract will be announced at a later date.

For more information, please contact: Fiona Chong, Marketing Communication Specialist, IBS Australia Tel: 1300 882 467

IBS specialises in differentiating companies from their competitors on the strength of their distribution operations.

More than 4,000 companies in 40 countries rely on IBS to improve their distribution operations – enabling them to achieve both increased profitability and higher valued services to the channel.

IBS B share is listed on NASDAQ OMX First North Exchange Stockholm. For more information, please visit Press Release Distribution By PressReleasePoint

About IBS Australia

Founded in 1978, IBS has over 30 years’ distribution software solution experience in industries ranging from automotive and electronics to paper, publishing and pharmaceuticals. This deep understanding of enterprise distribution software models and best practices is embodied in IBS’ global ERPsoftware distribution system, which is enhanced with local expertise to create a unique system for each IBS client.

Fiona Chong
IBS Australia
Level 3, 12 Waterloo Rd
Macquarie Park 2113
NSW, Australia
1300 882 467

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Press Release Submitted On: September 07, 2009 at 6:02 am
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