IFS, the global enterprise applications company, today announces that it has signed an agreement with the owners of Metrix LLC (“Metrix”) to purchase 100 percent of the membership interests. The purchase price will be paid in cash. The acquisition will further strengthen IFS’s market position in the high-growth global Mobility & Service Management application market.
Metrix was founded in 1980 in the USA and is 100 percent focused on providing advanced Mobility & Service Management applications. The company is headquartered in Waukesha (Wisconsin, USA) with subsidiaries in the Netherlands and Singapore.

The company generated net revenue of $8.7 million and EBITDA amounting to $1.3 million in the financial year ending December 31, 2011.

Metrix has built a very strong position providing service management solutions to industries such as Asset & Capital Equipment, Telecommunications, High Tech & Medical Device Manufacturing, Transportation, and Third Party/Outsourced Field Service...