EQT-backed software firm IFS buys Canada's Mxi Technologies

Dec 13 Swedish enterprise software
maker IFS said on Tuesday it has bought Canada-based software
firm Mxi Technologies and aims to focus more on acquisitions
after being bought by private equity firm EQT, an IFS executive
said.* IFS, which was bought by private equity firm EQT one year
ago, said it bought privately owned Mxi Technologies, a provider
of maintenance management software solutions for the aviation
industry, for an undisclosed amount* Mxi Technologies has more than 265 employees and is based
in Ottawa, Canada* IFS acquisitions and strategy chief Fredrik vom Hofe told
Reuters the acquisition of Mxi Technologies was its biggest
since at least 2003

* Its second-biggest acquisition in recent years was in 2012
when it bought a company in Latin America with revenues of
around $12 million* vom Hofe said the acquisition of Mxi Technologies was in
line with IFS’ ambition to be market leader in enterprise
applications for global customers in selected …