Terms were not disclosed. Axios is based in Edinburgh, Scotland. The companies did not provide statistics, but Zoominfo reports Axios has 311 employees and $29 million in revenue. D&B gives 20 employees and $3.29 million in sales for the operations in the United States. Estimates by other services are fairly close to the company total. IFS has started making a lot of noise this year with the introduction this month of the IFS Cloud, which brings together its applications into a common platform. It is also talking of building its mid-market channel with a conservative recruiting policy. IFS said its service management business grew by 100 percent in 2020. Netherlands-based IFS reported company revenue of approximately $864.7 million for the year ended December 31, a 14-percent increase over 2019.
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IFS BUYS AXIOS SYSTEMS Featured
IFS, a sister company to Acumatica, has signed an agreement to acquire Axios Systems, which makes cloud-based Enterprise Service Management software. The deal is expected to be completed this quarter.