The story
The company was founded as IBS in 1978 by Staffan Ahlberg and Gunnar Rylander. Both decided to form the company by turning the IT division of Ekonomisk Företagsledning into an independent company. Their first major project was to develop an order processing system for Alfa Laval subsidiaries. The company went public on the Stockholm Stock Exchange in 1986. Around the same time they entered into partnership with IBM and became a supplier of software for the IBM AS/400. Ahlberg retired as the CEO of IBS in 2002 and was the longest serving CEO of a public company in Europe.
IBS expanded into Asia in 1996. The company also has a presence in the United States.
IBS purchased Australian-based international software developer IDS Enterprise Systems in 2005. At the time of the deal, IDS had revenue of €12 million and more than 100 employees and operations in the United Kingdom, the Netherlands, Australia, and Thailand.
In 2011, IBS was purchased by Symphony Technology Group. The deal made Symphony a 94.9% shareholder of IBS and the company went from being publicly traded to private.
From Wikipedia’s article on Iptor Supply Chain Systems, shared under CC BY-SA 4.0.4