IBS Software Acquires Accenture Freight and Logistics Software (AFLS)

International Logistics Group (ILG) Acquires Global Freight Solutions (GFS) from Phoenix Equity Partners

February 23, 2024

Logistics & Distribution

International Logistics Group Ltd (ILG), part of the Yusen Logistics/NYK group, has acquired Global Freight Solutions (GFS) from Phoenix Equity Partners. The deal will allow GFS to accelerate development of its Enterprise Carrier Management (ECM) platform and leverage Yusen/ILG's fulfilment and global logistics capabilities to provide expanded end-to-end B2B and B2C supply chain support.

Apax Partners Makes ~$450M Minority Investment in IBS Software

May 16, 2023

Cloud & SaaS

Funds advised by Apax Partners agreed to invest approximately $450 million to acquire a significant minority stake in IBS Software from Blackstone. The transaction will leave founder V K Mathews as majority shareholder and positions Apax as a strategic partner to help IBS accelerate growth of its cloud-native travel and logistics SaaS platform.

IFS Acquires Astea International

December 11, 2019

Software

IFS has completed the acquisition of 100% of the shares of Astea International, a global field service management software provider headquartered in Horsham, Pennsylvania. The deal expands IFS's field service management capabilities and global footprint; Astea founder Zack Bergreen will serve as Senior Advisor while Marne Martin (IFS) will lead the combined service management business.

IFS Acquires 7bridges to Expand Industrial AI Supply Chain Capabilities

August 18, 2025

AI & Machine Learning

IFS has acquired 7bridges, an AI-powered supply chain management solutions provider, to strengthen its logistics and transportation optimization capabilities and accelerate AI-enabled supply chain features within IFS Cloud. The acquisition will enable IFS to scale 7bridges' simulation and analytics technology across manufacturing, transportation and aerospace & defense customers while bringing the 7bridges team into IFS.

IFS Acquires Axios Systems

March 22, 2021

Software

IFS has signed a definitive agreement to acquire Axios Systems PLC, a global provider of cloud-based Enterprise Service Management (ESM) software. The acquisition strengthens IFS's Service Management capabilities by adding Axios's ITSM and ITOM functionality to IFS Cloud, expanding its end-to-end service offering for enterprise and public-sector customers.

Accenture Acquires Flo Group to Strengthen Oracle Supply Chain Capabilities in Europe

March 19, 2024

IT Services

Accenture has acquired Flo Group, a Rotterdam-based Oracle supply chain consultancy, bringing Flo’s ~280 employees into Accenture’s Oracle Business Group to bolster its supply chain and logistics capabilities in Europe. Financial terms were not disclosed; the deal expands Accenture’s Oracle implementation and supply chain consulting capacity across multiple end markets including retail, automotive and manufacturing.