IFS complete definitive agreement with Global Software Company Astea International.
IFS, the global enterprise applications company has announced it has signed a definitive agreement to purchase global software outfit Astea International.
A press release announcing the merger says the deal will enable both companies to serve customers across more sectors "through a broader network of the best talent and partners in the industry".
Zack Bergreen, CEO and Founder of Astea commented: "We've long admired IFS's growth and global scale and know that they share our customer-centric approach to Field Service Management. I am grateful for the commitment our employees have demonstrated, which has enabled today's transformative announcement."
IFS CEO Darren Roos said: "Both organizations, our customers, partners and employees will benefit from our collective domain expertise. With this acquisition, we will build the most attractive FSM offering in the industry today to push ourselves to do more for our customers."
IFS recently announced growth of its field service software business, with license revenues increasing by 119%* YTD 2019. By combining with Astea, the company will hope to expand its global footprint in service management.