Estimated reading time: 0 minutes, 45 seconds

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.

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.

Read 156 times
Rate this item
(0 votes)

Visit other PMG Sites:

click me
PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.