IFS purchases Axios Systems

Global enterprise software company IFS announced last week that it had agreed to buy Axios Systems PLC, a Scottish IT company whose North American headquarters is located in Herndon. Terms of the acquisition, expected to be complete in the second quarter, were undisclosed.

IFS said March 22 that its acquisition of Axios, which provides cloud-based enterprise service management software, would help it continue to grow its service management business, which it said grew more than 100% last year.

Axios CEO and founder Tasos Symeonides said the deal would help current customers, which include Aviva, KPMG and FedEx, and build new ones. “In IFS we found the ideal strategic partner and are now playing a role in helping IFS extend its leadership in enterprise service management,” he said in the announcement.

IFS CEO Darren Roos called it a “significant” acquisition in a statement: “The ability to monetize service creates a competitive edge. Today customers want service: reliably and consistently, but there is a missing piece; companies need to be able to leverage customers, people and assets and not only articulate the true value but also ‘design for serviceability.’”

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