IFS, the global enterprise applications company, today announces that it has signed an agreement with the owners of VisionWaves B.V. (“VisionWaves”) to purchase 100% of the company’s shares. The purchase price will be paid in cash.
VisionWaves provides operational intelligence software that helps customers accelerate their strategy realization and boost business performance.
Its unique model-driven, top-down methodology not only provides leaders and decision makers with a clear picture of their business’s performance in real-time, but also enables them to take action and continually improve operations and business models.
By combining VisionWaves with IFS’s industry-focused solutions, customers can benefit from:
- VisionWaves’ ability to map, monitor, and manage end-to-end business processes across multiple business units, data sources and applications. This builds in an ‘at-a-glance’ understanding of how performance affects business strategy and proactively initiating actions.
- The two solutions’ ability to enable customers to accelerate strategy realization and boost business performance by providing a common operational picture and improving business process performance in a truly integrated way.
VisionWaves was founded in 2000 and has its headquarters in Zeist, the Netherlands, with a sales office in the U.S. The company has 30 employees and generated €4.9 million in revenue and an adjusted EBITDA-margin of 17% (last 12 months up to May 2015, unaudited).
Read more on IFSWorld.com.