STOCKHOLM /PRNewswire/
-- International Business
Systems (IBS), a global leading integrated ERP, WMS and
supply chain solution provider, announced today a definitive
agreement for the business to be acquired by Marlin Equity
Partners, a global investment firm with more than $3
billion of capital under management. The acquisition
will enable IBS to accelerate its already rapid growth rate while
enhancing its commitment to customer success.
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"We
are excited to partner with a premier global investment firm like
Marlin because it will help us significantly increase our
competitive advantage, and accelerate investment in our products
and services to enhance
our value creation for
customers," said Douglas
Braun, CEO of IBS. "The team at IBS shares with Marlin the
philosophy of delivering value to customers, and we welcome
Marlin's broad resources and industry insights. The acquisition is
good news for IBS and our customers, partners, suppliers and
everyone who contributes to IBS."
IBS
fits well with Marlin's long-term investment strategy, built on
partnering with outstanding management teams to strengthen
companies and grow long-term shareholder value. Marlin's investment
profile focuses on established technology businesses that have a
strong market presence and are looking for new ways to realize
their potential. IBS management and Marlin will work together to
sustain the success that IBS has already achieved and accelerate
the profitable development of new markets and new products while
strengthening existing customer relationships.
Shawn
McMorran, partner in Marlin's London office,
said: "We are delighted to be working with IBS' highly talented
team to help grow the business organically, as well as through
strategic acquisitions, and to support them in delivering
world-class products and services to the company's diverse client
base. Our cultures and values are aligned and we look forward to
making this a great partnership."
About IBS
IBS is
a global provider of enterprise resource planning (ERP) and supply
chain management (SCM) software to the distribution industry. IBS
specializes in solving the toughest business problems in
distribution, allowing companies to maximize and control lean
supply chains, leverage new revenue channels and optimize existing
businesses. Delivered through the cloud or as a managed service,
IBS' software suite streamlines, automates and accelerates critical
supply chain processes, from inventory planning, purchasing and
supplier management through warehouse operations, value-added
services and demand management. Customers in over 40 countries rely
on IBS' best-in-class solutions to drive dramatic improvements in
their operations and build their foundations for growth. For more
information, please visit www.ibs.net.
About Marlin Equity Partners
Marlin
Equity Partners is a global investment firm with
over $3
billion of capital under management. The firm is
focused on providing corporate parents, shareholders and other
stakeholders with tailored solutions that meet their business and
liquidity needs. Marlin invests in businesses across multiple
industries where its capital base, industry relationships and
extensive network of operational resources significantly strengthen
a company's outlook and enhances value. Since its inception,
Marlin, through its group of funds and related companies, has
successfully completed over 90 acquisitions. The firm is
headquartered in Los Angeles,
California with an additional office
in London.
For more information, please visit www.marlinequity.com.
For
more information, please visit www.ibs.net.