Press release, 2005-12-06

IBX chosen for global purchasing

IBX has signed an agreement with IKEA and will provide a global on-demand solution for sourcing and procurement and an extensive program to introduce the solution throughout the entire IKEA group.

As part of the agreement, IBX will provide a complete on-demand solution for IKEA including IBX eSourcing and IBX eProcurement, access to IBX supplier network, as well as sourcing and global implementation services. The whole project will support IKEA in generating savings in purchasing of indirect material and services globally.

- IKEA is recognized as a strong purchase intense business, and it is a fantastic affirmation of IBX capabilities that IKEA has shown such a confidence in us. Our dedication is now to support IKEA to substantially reduce the cost of purchasing of goods and services. The agreement is particularly important to IBX since it confirms the trend that large corporations are increasingly choosing on-demand solutions for their sourcing and procurement, says Pontus Björnsson, Country Manager, IBX Sweden.

IBX on-demand solutions for sourcing and procurement are applications provided as services based on state of the art standard technology from leading software providers. IBX eProcurement is based on MySAP SRM / EBP from SAP and IBX eSourcing is based on Emptoris, who recently was appointed as the number one eSourcing SW by Forrester Research.

For further information, please contact:
Peter Lageson, Marketing Director IBX, Phone: +46 703 75 51 05
Pontus Björnsson, Country Manager IBX Sweden, Phone: +46 (0)701 81 42 04