In August, IFS Industrial & Financial Systems, a business applications vendor with main headquarters in Linkoping, Sweden, reported results for Q2 2000. License sales rose by 85% during the first half of 2000, with a total revenue increase of 94% during the second quarter. However, IFS reported yet another loss.
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the purchase of the BBC Group, a San Jose, CA firm that specializes implementing B2B e-commerce solutions. We believe those acquisitions, as well as a strategic alliance with Pivotal Corporation, a Canadian CRM vendor (For more information, see What is IFS Up To in the CRM Arena?! ), should help IFS boost its much needed North American presence and market awareness. To that end, its North American business unit, with headquarters in Tucson, AZ achieved very impressive results of a 206% revenue increase